2. Once you consolidate you cannot “unconsolidated”.
3. The consolidated loan will have new terms and conditions that your other loans didn’t.
Since we have reviewed the benefits and disadvantages of consolidating your student loans, you should find out if you are eligible for one. To be eligible for federal student loan consolidation, you must meet a couple requirements. You have to have at least ten thousand dollars. You must be graduated as well. Finally, you must repair any defaulted federal loans before you will be allowed to consolidate.