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[Back to top] Applying for consolidation takes most borrowers less than 30 minutes, according to the Federal Student Aid website.
Your repayment term will generally start within 60 days of when your consolidation loan is first disbursed and will be based on your total federal student loan balance, among other factors; click on the link below for more details.
If your loans are already with one of those servicers, you can stay or choose a new one.
On the standard repayment plan for direct consolidation loans, you’ll make equal monthly payments for 10 to 30 years, depending on your total federal student loan balance.
After you review, sign and submit your application, continue making payments on your existing federal loans until your application has been processed.
If you have problems with or questions about any part of the application, you can call Federal Student Aid’s Loan Consolidation Information Call Center at 1-800-557-7392.
Alternatively, there are six other repayment plans to choose from, including four income-driven plans.