Business and Personal Finance Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

• 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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