Consolidate Federal Student Loans and Save!
The Federal Student Loan Consolidation Program can reduce your payments by up to 53%. Refinancing federal student loans provide a low, fixed interest rate with one easy-to-manage payment for added flexibilty and security each month.

To Consolidate Federal Student Loans Simply complete the form below, or call us at 800.982.3588 to speak to a federal student loan specialist.

The SLC Federal Student Loan Consolidation Advantage
Lower Monthly Payments by up to 53%
Free Federal Student Loan Consolidation Program
Low, Fixed Interest Rate
No Fees, Credit Checks or Prepayment Penalties
One Federal Student Loan Payment to One Lender
Federal Student Loan Consolidation Offers Forbearance & Deferment Options
Your Personal Information
SLC is committed to protecting your privacy. We use SSL encryption technology to prevent unauthorized parties from viewing any personal information. Consolidate federal student loans with SLC.

Federal Student Loan Consolidation Programs For:
- Stafford Student Loans
- Federal Parent PLUS Loan
- Federal Graduate PLUS Loan
- Federal Student Loan Consolidation

Private Private Student Loan Conslidation Programs:
- New Private Student Loan Consolidation
- Private Student Loan Consolidation

Manage Your Private Student Loan Account
- Continue Saved Application - Log In
- Add Creditworthy Cosigner - Log In
- Check Private Loan Status - Log In

To Consolidate Federal Student Loans Call 800.982.3588 to speak to a counselor

About Federal Student Loan Consolidation

The Federal Student Loan Consolidation Program is used to combine all of your federal student loans into one new consolidated loan, reducing the number of monthly bills, and significantly reducing your overall monthly payment. Federal Student Loan Consolidation allows you the opportunity to lock a fixed rate, currently near historic lows. Student Lending Corporation offers a simple, step-by-step federal student loan consolidation plan that helps you take advantage of this free, federal student loan consolidation program.

At SLC, you're assigned a federal student loan consolidation specialist, who is highly trained in the federal student loan consolidation industry. Our goal is to provide you with the necessary information to make an educated decision. So whether you have general questions, or would like in-depth information about your current loan situation, give us a call and put our federal student loan consolidation experience to work for you.

Federal Student Loan Consolidation Benefits

The Federal Student Loan Consolidation Program will provide flexibility during repayment. Enjoy the freedom of having up to 30 years to repay the federal student loan, with absolutely no prepayment penalties, giving you a significantly lower monthly payment.

- Federal Student Loan Consolidation Lowers Payments by up to 53%
- Free Federal Student Loan Consolidation Program
- Low fixed interest rate on federal student loans
- No Fees, Credit Checks or Prepayment Penalties
- One Student Loan Payment to One Lender
- Federal Student Loan Consolidation Forbearance & Deferment Options
- Quick Federal Student Loan Consolidation pre-approval process, decision in minutes


Federal Student Loan Consolidation Eligibility

The following is a list of basic criteria that you must meet in order to be eligible for federal student loan consolidation:

- You cannot currently be enrolled in school
- You must owe a minimum of $20,000
- You cannot be in default on any federal student loan
- You must have at least one unconsolidated federal student loan

Federal Student Loan Consolidation FAQs

Why should I consolidate federal student loans?
There are many factors to consider in determining whether federal student loan consolidation is right for you. Student Lending Corporation will help you take advantage of the following benefits:

- Free Federal Student Loan Consolidation Program
- Federal Student Loan Consolidation Lowers monthly payments up to 53%
- Federal Student Loan Consolidation and get low, fixed interest rate
- Federal Student Loan Consolidation gives you the ability to stop payments (up to 3 years forbearance protection and 3 years deferment protection)
- Federal Student Loan Consolidation No credit checks
- No fees, costs or charges on Federal Student Loan Consolidation
- Federal Student Loan Consolidation No prepayment penalties
- Federal Student Loan Consolidation No co-signer needed

Which federal student loans are eligible for consolidation through Student Lending Corporation?

- Subsidized Federal Stafford Loans
- Unsubsidized Federal Stafford Loans
- Direct Subsidized Stafford Loans
- Direct Unsubsidized Stafford Loans
- Federal PLUS (Parent) Loans
- Direct PLUS Loans
- Grad PLUS Loans
- Federal Supplemental Loans for Students
- Federal Perkins Loans
- National Defense / National Direct Student Loans (NDSL)
- Federal Consolidation Loans
- Federal Insured Student Loans (FISL)
- Federal Nursing Loans

What will my interest rate be if I consolidate federal student loans?
Your interest rate is calculated using a specific federal formula. It's determined by taking the weighted average of your current federal student loan base rates, rounded up to the next 1/8th percent or 8.25%, whichever is less.

Stafford Loans disbursed between July 1, 1998 and June 30, 2006 have a variable rate that adjusts every July 1st. The current interest rates are:

- Stafford Loans in grace or deferment- 3.61%
- Stafford Loans in repayment status- 4.21%

Stafford Loans disbursed on or after July 1, 2006 carry a fixed rate of 6.8%.

Can I consolidate federal student loans again if I've already done so in the past?
As long as you have at least one eligible federal student loan that was not included in your earlier Federal Student Loan Consolidation, you're eligible to participate again. This includes new federal student loans taken after the previous federal student loan consolidation.

How much does it cost to participate in the Federal Student Loan Consolidation Program?
There are absolutely no fees, costs, or charges involved to participate in the Federal Student Loan Consolidation Program.

Will you check my credit to determine my eligibility?
No. There is no credit check involved through this federal student loan consolidation program.

How long does it take to process my federal student loan consolidation application?
The standard processing time is between 30 to 60 days for us to review your federal student loan consolidation application, receive the payoff figures from your existing lenders, and disburse the new consolidated federal student loan.

How do I apply for federal student loan consolidation to take advantage of these benefits?
Our highly trained Federal Student Loan Consultants are available to assist you through the simple federal student loan consolidation application process. All you need to do is contact us at 800.982.3588 to get started.

How long do I have to repay my federal consolidation loan?
The term is based on your overall federal student loan balance. Please refer to the federal student loan consolidation re-payment chart below: Outstanding Balance Maximum Term
$7,500 - $9,999 12 Years
$10,000 - $19,999 15 Years
$20,000 - $39,999 20 Years
$40,000 - $59,999 25 Years
$60,000 or more 30 Years
Note: maximum repayment period excludes authorized periods of deferment and forbearance.

Can I pay more than the minimum required payment?
Yes. Our federal student loan consolidation program involves a simple interest loan with no prepayment penalties. The more you pay, the faster you'll pay off the entire balance with less interest.

Should I continue to make payments while my federal student loan consolidation application is being processed?
Yes. As the standard processing time is approximately 30 to 60 days, it's very important that you continue to make your regularly scheduled payments until you receive the new Federal Student Loan Consolidation Disclosure Statement and Repayment Schedule from the servicer.

I'm currently enrolled in school and won't graduate for another year. Can I consolidate federal student loans now?
The earliest Student Lending Corporation can accept your federal student loan consolidation application is 6 months in advance. However, you can still contact us today for future reminders closer to graduation. This way, you'll have the confidence of knowing that these federal student loan consolidation benefits will be available to you when the time is right for you to consolidate federal student loans.