Consolidating to direct loans
The Direct Consolidation Loan program is for federal student loans only.
Most graduates leave school with a number of different student loans, racked up throughout their years in college.
Before you choose to consolidate your loans, examine your situation carefully to determine if this is the best course of action.
You do this by taking out a new loan for the amount of the balances of the existing loans, use the newly borrowed money to repay all the older loans, and then focus on repaying your one new loan.