What is the meaning of Consolidation?

Combining federal student loans i. E. Federal Stafford, Unsubsidized Federal Stafford, Federal Insured Student Loans (FISL), Federal Perkins (NDSL), Nursing Student Loans (NSL), Federal SLS, Health Professions Student Loans (HPSL), Federal Direct, Federal PLUS (under certain conditions)] into one repayment plan through one lender. The repayment period may be extended (depending on the amount borrowed) and the interest rate may increase.

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APABarry Goldsmith. (2010). consolidation. Retrieved September 24, 2026, from http://smartdefine.org/consolidation/definitions/1150554
ChicagoBarry Goldsmith. 2010. "consolidation" http://smartdefine.org/consolidation/definitions/1150554 (accessed September 24, 2026).
HarvardBarry Goldsmith 2010, consolidation, Smart Define, viewed 24 September, 2026, <http://smartdefine.org/consolidation/definitions/1150554>.
MLABarry Goldsmith. "consolidation" 21 October 2010. Web. 24 September 2026. <http://smartdefine.org/consolidation/definitions/1150554>
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