Federal Direct Loan Consolidation

Through consolidation, borrowers may combine various types of federal education loans, including Federal Direct Subsidized and Unsubsidized Loans, Federal PLUS Loans, Federal Perkins Loan, and loans made through the Federal Family Education Loan (FFEL) Program.

Consolidation also may extend a borrower's repayment period, provide an interest rate break in some cases, and eliminate the hassle of dealing with multiple lenders.

Federal Direct Consolidation Loans have only one lender — the U.S. Department of Education. Borrowers send one payment to one place, and they make only one request to update their address or to apply for a deferment.

If you have questions concerning the Federal Direct Consolidation Loan Program, contact the servicing center at:

Federal Direct Loan Servicing Center
Post Office Box 4640
Utica, New York 3504-4640
Telephone: 1-800-557-7392
Web: http://www.loanconsolidation.ed.gov

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