Right Here. Right Now. Wright State.

COVID-19 information and resources. Visit our Coronavirus website.


Raider Open House

Due to the current closure of the Student Union, RaiderConnect has temporarily moved to 101 Student Success Center. You can visit our office there or call us at 937-775-4000 for assistance.

Loan Consolidation

Borrowers can consolidate (combine) multiple federal student loans with various repayment schedules into one loan, making a single monthly payment. With a consolidation loan, your monthly payment might be lower, you can take longer to repay, and you will receive a fixed interest rate on your consolidated loan (based upon a weighted average of the interest rates on all the loans you consolidate).

Carefully review your consolidation options before you apply. Things to consider are:

  • Whether you'll lose any borrower benefits if you consolidate, such as interest rate discounts or principal rebates, as these benefits can significantly reduce the cost of repaying your loans;
  • Whether you might lose some discharge and cancellation benefits if you include a Federal Perkins Loan in your consolidation; and
  • Whether consolidation will increase the total cost of repaying your loans. Because you may have a longer period of time to repay, you'll pay more interest.

Generally, you can consolidate:

  • After you graduate.
  • After you leave school.
  • After you drop below half-time enrollment.

You can apply for a consolidation loan online or learn more about loan consolidation at Studentaid.gov.