What types of student loans can be consolidated?
Just about any federal loan – whether from the former Federal Family Education Loan (FFEL) program or the Federal Direct Loan program – can be consolidated. Another common category of student loans is “private loans”- which come from private lenders such as banks and are not subsidized or guaranteed by the government. These loans cannot be consolidated under federal loan consolidation guidelines, but you can find private consolidation loans.
Also, if a student took out loans in his or her name, those loans cannot be combined in a consolidation loan with loans that a parent took out for the student. If the borrowers are different, the loans have to stay separate.
Almost any federal education loan can be consolidated, including the following:
- Subsidized Federal Stafford Loans (SS)
- Unsubsidized Federal Stafford Loans (US)
- Federal Parent Loans for Undergraduate Students (PLUS)
- Federal GradPLUS Loans
- Federal Supplemental Loans for Students (SLS)
- Federal Perkins Loans (PERK)
- Nursing Student Loans (NSL)
- Health Education Assistance Loans (HEAL)
- Auxiliary Loans to Assist Students (ALAS)
- Health Professions Student Loans (HPSL)
- Federal Insured Student Loans (FISL)
- Guaranteed Student Loans (GSL)
- Federal Unsubsidized Consolidation Loans (UCON)
- Federal Subsidized Consolidation Loans (SCON)
- Federal Direct Subsidized Student Loans (DSS)
- Federal Direct Unsubsidized Student Loans (DUS)
- Federal Direct Consolidation Loans (DCON)
- Federal Direct Parent Loans for Undergraduate Students (DPLUS)
- Federal Direct GradPLUS Loans