Consolidation FAQs
Repay your Loans

After you graduate, drop to a less than half time status, or are no longer enrolled in a degree seeking program, repayment will begin after your six month deferment period ends. Visit www.studentloans.gov to learn more about the payment plans, payment deferment, and payment forbearance options that are available to you.

Loan Servicer/Direct Loan Consolidation

A loan servicer is a company that handles the billing and other services on your federal student loan. Your loan is assigned to a loan servicer by the U.S. Department of Education after your entire loan amount is disbursed (paid out). The loan servicer will work with you on repayment plans, loan consolidation and will assist you with other tasks related to your federal student loan. It is important to maintain contact with your loan servicer. If your circumstances change at any time during your repayment period, your loan servicer will be able to help. For more information about loan servicers, visit the Federal Student Aid Loan Servicer page. For more information about direct loan consolidation, visit the Federal Student Aid consolidation page