Parent Plus Loan Consolidation
If you are a graduate student or a parent that has multiple plus student loans then you may be eligible for a plus loan consolidation. A plus loan consolidation allows you to save money by bundling multiple plus loans into one, so you only have one low monthly payment. Consolidated loans also have more favorable terms with lower fixed interest rates.
In order to become eligible for a plus loan consolidation, you must complete a student loan consolidation application that is provided by your student loan lender. This application will take into account your current financial situation and all outstanding student loans that are in repayment status. Students must also no longer be enrolled in their program of study in order to apply for a loan consolidation.