Consolidating older federal loans (like FFEL or Perkins loans) can make them eligible for programs like Public Service Loan Forgiveness (PSLF) or various income-driven repayment (IDR) plans.
Instead of managing multiple lenders and due dates, you have one streamlined bill to track. consolidation student loans
For those with private loans, consolidation (often called refinancing in the private sector) allows switching from a variable interest rate to a stable fixed rate. Important Considerations for 2026 Loan consolidation - American Psychological Association Consolidating older federal loans (like FFEL or Perkins