Direct Consolidation Loan

What is Direct Consolidation Loan?

Direct Consolidation Loan meaning A federal loan made by the U.S. Department of Education that allows you to combine one or more federal student loans into one new loan. As a result of consolidation, you will have to make only one payment each month on your federal loans, and the amount of time you have to repay your loan may be extended.


reference: Federal Student Aid – Glossary