NEW GRAD PLUS Program

CONSOLIDATION

27. Can I consolidate my PLUS Loans with my other student loans? If so, when can I consolidate?

You may consolidate your PLUS Loans with your other eligible student loans into a single consolidation loan after you leave school. Note that the repayment period for a consolidation loan begins as soon as the loan is made – there is no grace period. Therefore, if you want to consolidate your PLUS Loans with your other student loans that have a grace period, you should wait to do so until shortly before the end of the grace period on the other loans.

Sources include U.S. Department of Education, FinAid.com, and National Council of Higher Education Loan Programs (NCHELP).

July 2006