Consolidation Loan — School

: You can extend your repayment term up to 30 years, which reduces the monthly amount owed, though it increases the total interest paid over time.

: It is generally not recommended to consolidate while still in school, as you might lose your grace period. Eligibility and Process consolidation loan school

: Any unpaid interest on your old loans will be added to the principal balance of the new consolidation loan, meaning you will pay interest on a higher balance. : You can extend your repayment term up

: Most federal student loans are eligible, including Subsidized and Unsubsidized Direct Loans and PLUS loans. Private loans cannot be included in a federal consolidation. which reduces the monthly amount owed

: You can apply once you graduate, leave school, or drop below half-time enrollment.