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[Skip to refinancing] Only federal student loans are eligible for this type of consolidation.
You’ll also lose forgiveness benefits specific to Perkins loans if you consolidate them.
Consider keeping those separate when you consolidate if you plan to take advantage of Perkins loan cancellation.
Benefits: Consolidating some types of loans, like those from the Federal Family Education Loan Program, makes them eligible for certain benefits.
These can include income-driven repayment, which ties your loan payments to your earnings and forgives your federal loan balance after 20 or 25 years, and Public Service Loan Forgiveness.