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In business, consolidation or amalgamation is the merger and acquisition of many smaller companies into much larger ones.In the context of financial accounting, consolidation refers to the aggregation of financial statements of a group company as consolidated financial statements.

You can post your profile, use advanced search, send and receive messages absolutely free. The interest rate on your direct consolidation loan will be the weighted average of your previous rates, rounded up to the next 1/8 of 1%.It won’t be determined by your financial history, as it would be if you refinanced.If you have problems or questions at any point during the process, you can call Federal Student Aid’s Loan Consolidation Information Call Center at 1-800-557-7392.As part of the consolidation application, you’ll need to choose a new repayment plan and federal loan servicer.There may be amalgamations, either by transfer of two or more undertakings to a new company, or to the transfer of one or more companies to an existing company".

Consolidation is the practice, in business, of legally combining two or more organizations into a single new one.

This article covers: Federal student loan consolidation basics How to consolidate federal student loans Benefits of federal consolidation Drawbacks of federal consolidation Private student loan consolidation (student loan refinancing) When you consolidate federal loans, the government pays them off and replaces them with a direct consolidation loan.

Consolidating your federal loans through the Department of Education is free.

Upon consolidation, the original organizations cease to exist and are supplanted by a new entity.

A parent company can acquire another company by purchasing its net assets or by purchasing a majority share of its common stock.

If you already work with one of these servicers, it may be easier for you to choose that company so you don’t have to transfer all your loans to a new one.