: It is generally not recommended to consolidate while still in school, as you might lose your grace period. Eligibility and Process

: Consolidation can make you eligible for specific income-driven repayment plans or Public Service Loan Forgiveness (PSLF).

: You only have one bill and one loan servicer to manage each month.

: Any unpaid interest on your old loans will be added to the principal balance of the new consolidation loan, meaning you will pay interest on a higher balance.

: You can extend your repayment term up to 30 years, which reduces the monthly amount owed, though it increases the total interest paid over time.

: If you have older federal loans with variable rates, consolidating them locks in a fixed interest rate. Important Considerations