Is Loan Consolidation Right For You?*

We believe that you have the right to make informed decisions when it comes to consolidating your federal loans. That's why we built this Loan Wizard to help you make an informed decision.

Please remember that for most people, you can only consolidate your loans once. Our Loan Wizard will help you determine the three most important factors when choosing to consolidate. And if you do decide to consolidate your federal loans, we'll help you every step of the way.

1. Am I eligible for federal consolidation?
2. Will consolidating my loans actually save me money?
3. What are my personal financial goals and preferences?

Before you begin, try to gather together some of your loan documents so you can provide accurate information about your student loans. This is not absolutely necessary, but the more information you provide, the better we'll be able to determine whether consolidation works for you.

If you've got everything you need, then

* Chela's Loan Consolidation Assessment is intended to help inform you about all of the issues surrounding loan consolidation. The assessment results provided are for informational purposes only and are not intended as financial advice. As always, we suggest that you speak to a financial advisor before making major decisions regarding your finances.