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Department education consolidating federal loans

For example, if you only have a Federal Family Education Loan or Perkins Loan, that means you’re not eligible for Public Service Loan Forgiveness — but if you consolidate it into a Direct Consolidation Loan, you are.

On the flip side, if you have a Parent PLUS loan and consolidate it with other Direct Loans, you’ll lose access to most income-driven repayment plans on the entire consolidation unless you exclude the Parent PLUS loan from the consolidation (which you can do).

Many college grads have student loan debt from multiple sources.

Usually, the biggest chunk of debt is owed to the U. Department of Education in the form of Federal Direct subsidized and unsubsidized loans.

Learn more » You could choose to pay the full amount of what you owe on your loan to get out of default. Learn more » On this page, we write exclusively about getting out of default on your Federal Direct and FFEL student loans.

Private student loans and Perkins loans operate under different rules, and for more information on getting out of default, you should reach out to your servicer or the school you attended.

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You can consolidate into a Direct Consolidation Loan, even if you only have one federal student loan.

Learn more » Canceling your loan is only available in limited situations, but if you’re in default, it could be an option for you.

You can have your federal student loans canceled for school-related reasons, such as your school closing, or in the event of disability or death. Department of Education will accept payment in the form of checks, money orders or credit or debit cards.

You have the option to select the servicer of your choice (of which, Nelnet is an option) After your new Direct Consolidation Loan is complete, you may still add more eligible loans to your existing consolidation.

If you would like to add other eligible loans, your servicer must receive your Request to Add Loans Form within 180 days from the date your Direct Consolidation Loan is completed (originated).


  1. Student loan consolidation is. Consolidating federal student loans with. Federal student loan consolidation can be through the U. S. Department of Education.

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