There are many different types of federal student loan consolidation:

Stafford Loan Consolidation
Stafford Loan consolidation is a fixed-rate refinancing program that combines all of your existing Stafford Loans into one new loan. Monthly savings from a Stafford loan consolidation can be as much as 53% from previous student loan payments, providing payment relief when it's needed the most.

PLUS Loan Consolidation
A PLUS loan consolidation is another form of federal student loan consolidation that allows you to bundle all your PLUS loans previously taken out to finance your child's education, into a single loan with a lower monthly payment. The only restriction is that you must have at least $10,000 in PLUS loans.

Graduate Stafford Loan Consolidation
Similar to Stafford loan consolidation, graduate Stafford loan consolidation is a great financial tool for those who have recently completed their graduate program, and are trying to pay off their graduate Stafford loans. For those borrowers who have already consolidated their undergraduate Stafford loans, graduate Stafford loan consolidation can combine their previous consolidation with their new graduate Stafford loans.

Benefits of Federal Student Loan Consolidation:

• Reduce your monthly payment up to 53% or more and beat inflation
• Apply now and lock in a lower rate for the life of the loan
• Reduce your interest rate 0.6% by consolidating during your grace period
  uceRed fo uryo eralfed restinte dentstu tera anlo yb dation:consoli sa fordStaf chmu anLo sa idationConsol na fordStaf ionaladdit anLo 25%1. idationconsol oughthr si uro a fitsbene -ratefixed kagepac ancingrefin p;Not&nbs grampro resu owh idationconsol
• Make only one loan payment per month
• Improve your credit rating
• No credit checks, fees, or application charges
• Reduce your interest rate by as much as an additional 1.25% through our benefits package
  

 Not sure how consolidation works? Learn more in this consolidation step by step tutorial.