Due to recent changes in Federal Aid programs, private companies no longer offer consolidation services. At this time, the only lender offering federal consolidation loans is the U.S. Department of Education's William D. Ford Direct Loan Program.
Direct Loans are now routinely outsourced for servicing. The following are links to companies servicing Federal Direct Loans. Note that FFEL loans, while Federal in nature, are not owned by the Department of Education, and are serviced by the lender. Perkins Loans are owned by the lending school, and may be serviced by the school, or by outside companies under contract.
Contact info for Federal Direct Loan servicers
Other Useful links:
How Do I Find My Student Loans?
Note: The US Dept of Education also has a Loan Trace number which is (800)-433-3243.
How Do I Consolidate my Loans?
If you have any questions about this process, please feel free to contact our office.
WHY Should I Consolidate My Loans?
Loan consolidation is a method for managing educational indebtedness by consolidating all eligible student loans into a single loan.
Benefits of consolidation include:
IMPORTANT CONSIDERATIONS: Borrowers should be aware when consolidating that the borrower may also forfeit eligibility for certain deferment and cancellation provisions. A careful review should be made of the consolidation program regarding deferments and cancellations and the borrower's future status before entering into a consolidation agreement.
The Office of Student Loan Accounts & Collections does not provide consolidation services.