Federal Perkins Loan Information | Loan Consolidation | How to Reach Us | FAQ's

Consolidation is refinancing all of your federal student loans into one loan through a private lender. This new loan will have a new interest rate, payment terms and monthly payments. The following federal student loans are eligible for consolidation: Federal Stafford loans, Federal Direct loans, Federal PLUS loans, Federal SLS loans, Federal Perkins loans, Health Professional Student loans (HPSL) and Nursing School loans (NSL).

The payment terms of a consolidation loan can make repayment of your student loans much easier financially and much less confusing since you will not have to keep up with several different lenders. However, some of the benefits available in the original student loan may be lost after consolidation. Discuss your options thoroughly with your lender.

To apply for a consolidation loan, contact your Stafford lender. Several useful links are listed below. You must also make it a point to tell your lender about your Perkins loan.

http://www.ed.gov/directloan/

http://www.salliemae.com/

http://www.nelnet.com/