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• Financial Aid
  • For Prospective Students
  • For Current Undergraduate Students
  • For Graduate Students
    • Graduate PLUS Credit Authorization
    • Loan Application Process
    • Graduate Financial Aid Check List
    • Graduate Forms
    • Bar Study Loans
    • Loan Consolidation
      • Questions to Ask Yourself
      • Questions to Ask Your Servicer
      • Putting It All Together
    • Loan Forgiveness
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Loan Consolidation

• Loan consolidation is one of the repayment options available under the terms and conditions of your Federal Stafford Loans.
• A refinancing of your existing federal student debt: a single new loan to pay off the individual original federal loans (not private loans).
• Consolidation terms and conditions are similar but not identical to the original Federal Stafford loan.
• Consolidation may not be right for every one. Please carefully consider all of your options before making a decision!
• Contact you current lender(s) or servicer(s) for specific information and with specific questions.
• The Office of Financial Aid CANNOT decide for you, nor can it answer WHAT a given lender/servicer will actually do.
• The loan exit materials sent to you in the spring contained lender/servicer contact information as well as websites for calculators, financial planning, etc.
• If lost or misplaced, we can send out a duplicate set - email finaid@willamette.edu requesting either an undergraduate or graduate exit packet. Please include a current address!
• The Office of Financial Aid is in its PEAK period in preparation for the start of the school year. We cannot handle one-on-one consolidation phone conversations and/or appointments. Please contact your lender for more specific information.