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The Public Service Loan Forgiveness (PSLF) Program forgives the remaining balance on your Direct Loans after you have made 120 qualifying monthly payments under a qualifying repayment plan while working full-time for a qualifying employer.

Borrowers who are eligible may receive student loan forgiveness on their remaining balance after 20 years (240 payments) through the Pay as You Earn (PAYE) program. Anyone with eligible federal student loans may qualify for the REPAYE program or Income-Based Repayment plan, which offer forgiveness after 20 or 25 years

Driver's license, federal tax returns, bank statements, income documentation, Social Security number and W-2s are usually required to apply for student loans without a cosigner.

Check Federal Student Aid ID. Select the federal loans you want to consolidate. Choose a student loan service. Pick a repayment plan for your new consolidation loan. Complete and submit the application.

Private Student Loan Consolidation. Private student loans cannot, in general, be consolidated with federal student loans. The low interest rates on federal consolidation loans are not available to private education loans. So the main benefit of such a consolidation is obtaining a single monthly payment.

If you are the parent of an eligible undergraduate, you may be able to borrow a Parent PLUS loan to cover the remaining cost of attendance after the other financial aid kicks in.