A loan that allows a borrower to consolidate all or some outstanding education loans into a single new loan, even if the oans are currently held by more than one lender and are of different loan types. Made possible by the Federal Family Education Loan (FFEL) program as authorized by the Federal government.

A program offered by eligible lenders which allows the following federal loans to be combined into a single new loan: Federal Perkins Loans, National Direct/Defense Student Loans (NDSL), Federal Stafford Loans (both subsidized and unsubsidized),Federal Supplemental Loans for Students (SLS), Federal PLUS Loans, Auxiliary Loans to Assist Students (ALAS), Health Professionals Student Loans (HPSL), and Federally Insured Student Loans(FISL).

A program that permits combining several types of student loans into one new loan.