A Direct Consolidation Loan allows you to consolidate multiple federal education loans into one loan at no cost to you, but you must apply.
If you complete a free Federal Direct Consolidation Loan Application and Promissory Note, you will confirm the loans that you want to consolidate. Then you will agree to repay the new Direct Consolidation Loan.
Once the consolidation is complete, you will have a single monthly payment. This is on the new Direct Consolidation Loan instead of multiple monthly payments on the loans you consolidated.
The entire Loan Consolidation process must be completed in a single session. Most people complete the process in less than 30 minutes.