Consolidating loans with your spouse

As you weigh the pros and cons, keep in mind that timing is critical.With just a few exceptions, you get only one chance to consolidate with the government loan programs.Direct consolidation loans are now the only type of federal student consolidation loan.Under the Direct Loan Consolidation Program, you can consolidate Subsidized and Unsubsidized Stafford Loans, Supplemental Loans for Students (SLSs), Federally Insured Student Loans (FISLs), PLUS Loans, Direct Loans, Perkins Loans, Health Education Assistance Loans (HEALs), and just about any other type of federal student loan.

There are a lot of debt consolidation programs out there.

The main reasons to consider student loan consolidation are: Depending on your circumstances, these may or may not be that interesting to you.

If you’re not worried about rising interest rates, for example, then you might not care about getting a fixed rate.

Consider applying for an Education Refinance Loan if you need to lower your monthly payments or simplify your payment schedule.

Learn more about the benefits of refinancing by calling 1-888-411-0266 and speaking with one of our Student Lending Specialists today.