Welcome to the School Loan Consolidation Network

What Loans are Eligible to Consolidate?

• Stafford Loans - Subsidized and Unsubsidized
• Federal Direct Stafford Loans - Subsidized and Unsubsidized
• HEAL/HPSL Student Loans
• Parent PLUS Loans
• Federal Direct Parent PLUS Loans
• Federal Consolidation Loans
• Federal Direct Consolidation Loans
• Perkins Loans
• Nursing School Loans and more...

Federal and direct consolidation loans cannot be reconsolidated unless additional loans are included. For example, if you consolidated your federal loans after your undergraduate degree and then wanted to also consolidate your graduate loans, you can combine the new loans with those that were previously consolidated..

Can I Consolidate Private School Loans?

Yes, private student loans can be consolidated, however, if you have a mix of Federal loans and Private loans, consolidating them together is a bad idea.  Because Federal loans are backed by the Government, you can only receive a Federal Consolidation Loan when you consolidate current Federal loans ONLY!  If you want to consolidate private and Federal loans together, the resulting consolidation loan will be a PRIVATE loan that is not backed by the Government, and with different rules than a Federal consolidation loan.

• You cannot defer payments on a private loan consolidation if you want to go back to school. You can with federal loan consolidation.
• You cannot forbear payments in case of economic hardship on a private loan consolidation.
• You cannot claim interest as a tax deduction on a private loan consolidation.
• You cannot apply for forgiveness on a private loan consolidation. Certain types of work, such as federal volunteer programs, teaching in economic development zones, and military service, among others, can qualify you to have part or all of your federal loans dismissed by the government.
• If you should pass away, private loans are passed to your next of kin. Federal loans are forgiven.
• Private loan consolidation very often has variable rates, which means you cannot lock in today's current historic low rates.