Log in with your Federal Student Aid ID and click on “Complete a Consolidation Loan Application and Promissory Note.” Make sure you’ve decided on a student loan repayment plan and a student loan servicer; you can choose each on the application.
There are a number of factors to consider before you decide if consolidation is the best choice for you.
After your new Direct Consolidation Loan is complete, you may still add more eligible loans to your existing consolidation.
Interest rates: The interest rate of your consolidated federal student loans will be a weighted average of your previous rates, rounded up to the next 1/8 of 1%.
It won’t be determined by your financial history, as it would be if you refinanced.
If you would like to add other eligible loans, your servicer must receive your Request to Add Loans Form within 180 days from the date your Direct Consolidation Loan is completed (originated).If you choose Nelnet to originate and service your Direct Consolidation Loan, you may request to add other eligible loans to it by completing the Request to Add Loans Form and send it to Nelnet via email Direct Loan [email protected], fax (402.858.3929), or mail to: Nelnet P.