The Federal Consolidation program allows you to take all of your eligible Federal Student Loans and consolidate  them into one loan with a fixed interest rate, longer amortization and a lower monthly payment. Once you send your completed application back to our processing center, we will begin consolidating your loans. We will obtain loan verification certificates (LVC) from your current loan holders to verify the current interest rate, status, and payoff amount on your loans. Once the loan holders send back this LVC to our processing center and there are no discrepancies, your loans will be funded and consolidated. Your new lender will send the payoff amount to your current loan holders and those loans will be “paid off” and your single new consolidation loan will begin. This whole process takes anywhere from 6 to 8 weeks but remember, continue making payments on your current loans until you receive your information packet .