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Consolidation allows you to combine all your federal education loans into a single, more manageable loan, make one monthly payment to a single loan holder and extend your repayment period to a maximum of up to 30 years depending on the consolidated loan amount.

The following repayment schedules are available for consolidation loans:

• Standard repayment schedule.
• Graduated repayment schedule.
• Income-sensitive repayment schedule.
• Extended repayment schedule (if applicable).

Note: Consolidation loans aren’t for everyone. Research the advantages and disadvantages to determine if a consolidation loan is best for you; more information is available at www.ogslp.org. If you wish to apply for a consolidation loan, contact your current loan holder.