How can federal loan consolidation help with repayment?
Consolidating federal loans will automatically give you a fixed interest rate for the life of the loan. Consolidating federal loans is quick and easy. Theres no reason not to consolidate. Taking advantage of this federal program will help you during repayment, as consolidating your federal student loans will lower your monthly payment. Also, consolidating federal student loans will extend your repayment term, giving you more time to pay off your loans.