Federal student loan consolidation
In the United States the Federal Direct Pupil Loan Program (FDLP) embody consolidation loans that permit college students to consolidate Stafford Loans, PLUS Loans, and Federal Perkins Loans into one single debt. This ends in decreased month-to-month repayments and a long term for the loan. Unlike the other loans, consolidation loans have a fixed rate of interest for the lifetime of the loan