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Repayment: What to Expect

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Direct Loan Consolidation

Loan consolidation can be helpful for borrowers who want to combine their eligible federal student loans into a single Direct Consolidation Loan. It's important to understand and carefully consider all factors before consolidating.

Learn more about Direct Consolidation Loans on the Federal Student Aid site

Apply now at


Loans that are eligible for Direct Loan Consolidation include:

  • Direct Subsidized and Unsubsidized Loans
  • Federal Stafford Subsidized and Direct Unsubsidized Loans
  • Direct PLUS and FFELP Plus Loans for Parents and Graduate Students
  • Health Education Assistance Loans (HEAL)
  • Supplemental Loans for Students (SLS), Federal Perkins Loans, and Federal Nursing Loans

Private student loans are NOT eligible for consolidation into a Direct Consolidation Loan.

Adding Other Loans

You may also add eligible loans to your existing Direct Consolidation Loan using the form below – if you are within 180 days of the date we paid off the first loans you are consolidating.

After 180 days, you will need to apply for a new Direct Consolidation Loan.

Request to Add a Loan to an Existing Federal Direct Consolidation Loan

Mail your completed form to:

Navient - Department of Education Loan Servicing

Attn: Loan Consolidations Originations

P.O. Box 6180

Indianapolis, IN 46206-6180

Interest Rate

The interest rate is calculated by the weighted average of the interest rates of the loans consolidated, rounded up to the nearest 0.125 percent. So, the interest rate on a consolidation loan may be higher than the underlying loans. However, the interest rate is fixed for the life of the loan.

Extending the Payment Period

Depending upon the total balance you are consolidating, you may extend the repayment period for up to 30 years with consolidation. The extended period makes the monthly payment amount more manageable; however, the longer your loans are in repayment, the more interest you will pay over the life of the loan.