Can I re-consolidate a federal consolidation loan?
The only way you can re-consolidate a federal consolidation loan is by adding a new (or otherwise not already consolidated) federal loan. Therefore, if you have already consolidated your loans once and now have a new loan that was not part of the original consolidation, you can re-consolidate the loans.
Keep in mind that the rate on your re-consolidated loan will be different than that of your original consolidation loan. Remember the existing consolidation is considered a single loan, so the new re-consolidated loan’s interest rate will be equal to the average of existing consolidation loan and all the newly added student loans, which is then rounded up to the nearest 1/8 percent.