Federal Student Loan Consolidation

After graduation, consolidation loans can help ease the burden of repayment by bundling all your student loans into a single loan with one lender and one repayment plan. Both students and parents are eligible to consolidate federal student loans.

NextStudent offers Electronic Signature to complete the online application experience. Apply now to lock in at the lowest rates possible.

Begin the application process
Or call us toll-free at (800) 299-4639
  • Apply completely online with new Electronic Signature
  • Low interest rates fixed for the term of your loan can save you thousands
  • Lower monthly payment burden by as much as 60%
  • Save 0.6% more during grace periods or eligible deferment
  • Get an additional 0.25% rate reduction with automatic debit
  • 1% interest rate reduction LOCKED after you make your first 36 consecutive on-time payments -OR- 2% interest rate reduction after you make your first 48 consecutive on-time payments*
  • Retain all federal borrower benefits
  • Flexible repayment options
  • No fees, charges, or prepayment penalties
  • No credit checks or co-signers required

*NextStudent will discontinue all interest rate discount benefit plans if Congress enacts the College Cost Reduction Act of 2007. It is not certain at this time if that legislation will be enacted. If it is, it is not known what its effective date will be.

How much can consolidation help you? Use our consolidation loan calculator to find out. Or, see our before and after examples to see how powerful consolidation can be.

Thank you so much for your amazingly fast, efficient and courteous service. I have never received such quality customer service over the phone in my life and I will surely be telling others about NextStudent.com.
-
Kevin J. Nah
Satisfied Customer


More About Federal Consolidation Loans
» Apply online, now with Electronic Signature!
» Before and After
» Eligibility
» Loan Amounts
» Rates, Fees and Terms
» Top Questions about Consolidation Loans

Download a PDF Federal Consolidation Loan Application


* Please be aware that while we continue to offer Private Student Loans and Private Consolidation Loans, NextStudent is not currently able to accept any new PLUS, Grad PLUS, Stafford, or Federal Consolidation Loan applications.

On October 1, 2007, legislation went into effect that cut $21 billion in subsidies to FFELP lenders like NextStudent. We have been searching, and continue to search, for avenues that would allow us to keep offering FFELP loans. But at this point, until market and regulatory conditions change, we find ourselves forced to suspend our federal education loan programs.

We value your business, and we want to make sure you’re able to get the money you need to pay for school. We encourage you to take advantage of college scholarships and your available federal financing options. But if you’re still in need of a parent or student loan, please give us a call, and we’ll do what we can to help.

*Requires a consolidation loan balance of at least $15,000 and the consolidation cannot include any defaulted loans.

*Provisions within the pending legislation would change the fee structure and yields for lenders that make federal educational loans. It is not known at this time on which date the new provisions will take effect, nor whether they would be applied to loan applications that had been submitted prior to that date but not yet funded. NextStudent will not offer the interest rate discount benefits for those applications that are subject to the new provisions. NextStudent will make its best efforts to process all applications it receives prior to the date the new provisions take effect, but cannot guarantee that your application will be processed in time for the interest rate discount benefits to apply.

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Last updated Monday, May 12, 2008