After graduation, UCLA School of Law's Financial Aid office will continue to help you understand your options for payback and loan consolidation.  Please review the information below and feel free to contact the Financial Aid Office with any questions.


Information about loan forgiveness program through the Public Interest Program can be found at


A federal consolidation loan is a repayment option that allows a borrower to bundle existing federal education loans into a single loan with a fixed interest rate and longer repayment period.  Consolidation eases repayment and typically lowers a borrower’s monthly payments, making it a useful debt-management tool.  However, by extending the length of the repayment period, consolidation often results in the borrower repaying substantially more interest over the repayment period.


Although rates on Federal Stafford and Federal PLUS loans vary each year, the interest rate on a Federal Consolidation loan is fixed for the life of the loan.  Consolidation rates are based on the weighted average of the interest rates of the loans being consolidated excluding Health Education Assistance Loans (HEAL).  The resulting rate is rounded up to the nearest one-eighth of 1 percent.  The rate can never exceed 8.25 percent.

For example, if a borrower consolidates Stafford loans with a variable rate in repayment of 3.42 percent, the resulting consolidation loan rate will be rounded up to the nearest one-eighth of 1 percent, resulting in a consolidation rate of 3.5 percent.

Loans Eligible for Federal Consolidation

  • Federal Stafford and Federal Direct Stafford loans, both subsidized and unsubsidized
  • Federal PLUS and Federal Direct PLUS parent loans
  • Federal Consolidation and Federal Direct Consolidation loans
  • Federal Perkins loans
  • Federal Nursing Student Loans
  • Health Professions Student Loans
  • Health Education Assistance Loans
  • Federally Insured Student Loans
  • Loans for Disadvantaged Students

To check your loan history, visit

Can loans be added to an existing consolidation loan?

A borrower may add to any outstanding consolidation loan any eligible loans received before or after the date of the consolidation, provided the borrower makes a request within 180 days of the date the consolidation loan is made.  The borrower must complete a Request-to-Add-Loans form and ensure that the lender receives it within the 180-day timeframe.  The consolidating lender then has an additional 30 days to disburse the additional funds.

With whom should a borrower consolidate their loans?

Many lenders participate in the Federal Consolidation-Loan Program.  If all Federal Family Education Loan Program funds (Stafford Subsidized and Unsubsidized, and Perkins) are currently held by the same lender or loan holder, the borrower must contact that lender/loan holder to consolidate (single-holder rule).  If the lender/loan holder declines to consolidate the borrower’s loans, does not make consolidation loans, or cannot provide the borrower with an income-sensitive repayment schedule (if requested), then the borrower may choose any lender that participates in the Federal Consolidation-Loan Program. 

If loans are held by more than one lender/loan holder, the borrower may contact any of the borrower’s current lenders for consolidation or may consolidate with any other lender that participates in the program.