Education Consolidation Loans

Program Description

Consolidation Loans are available to most borrowers of Federal education loans and comes from the following sources:

  • Federal Consolidation Loans are made through Federal Family Education Loan (FFEL) Program. While FFEL funds come from private lenders, such as banks and credit unions, they are subsidized and supported by the U.S. Department of Education. You repay a FFEL Consolidation Loan to the private lender that made the loan or to its designated agency.
  • Direct Consolidation Loans are made ...