Office of Student Financial Aid

Loan Consolidation

Borrowers with eligible federal student loans may want to consider consolidating their loans by applying for a Federal Consolidation Loan.

Benefits of Loan Consolidation Through the Direct Consolidation Loan Program Include:

  • No origination fees or early repayment penalties
  • Extend the term of the loans by combining multiple loans into one, and reduce monthly payments — you pick the plan that best meets your needs
  • Lower cost solution than other forms of financing, e.g. high interest rate credit cards
  • A single point of contact for servicing and managing your student loan debt
  • Apply via the web at or click here to get additional information about your loans and the consolidation process.

Note: If you are still in school and have Federal Stafford loans, recent changes to Federal legislation has eliminated your ability to consolidate loans while in school.

Applying is fast, easy and FREE! You can apply in minutes at

Have Questions?

Ask Rocket Solution Central.

Rocket Solution Central — or RSC — is your one-stop answer shop for financial aid questions.

Call 419.530.8700
Monday - Wednesday and Friday 8:30 a.m. - 4:45 p.m.
Thursday 10 a.m. - 4:45 p.m.
Visit 1200 Rocket Hall
Monday - Friday 8:30 a.m. - 5 p.m.

No need to wait in line. Register through Rocket Q ahead of time or when you arrive. You'll receive wait-time updates and be notified when it's your turn.

Register by texting "University of Toledo" to 419.419.3430 or by entering your information online.

Financial Wellness

We could all use some help managing our money ― whether you’re a high school student, undergraduate or upperclassman ready to graduate.

UToledo's financial wellness team offers workshops, presentations and tools to help you improve your money management skills. You can even schedule an appointment with our counselor to discuss your personal financial plan.

  • How to pay for college
  • Managing student loans
  • Making a budget
  • And more
Financial Wellness Services
Last Updated: 6/27/22