College Loan Consolidation

Plus Consolidation (All About PLUS Consolidation)
PLUS loans are taken out by parents of higher education students to supplement the financial aid package offered and cover all aspects of education. PLUS loans can be used for tuition, books, residence, meal plans, etc and are a great way to insure against unexpected education expenses.

PLUS loans can be repaid immediately upon disbursement and can be consolidated whenever you wish. There are aspects of federal PLUS loans that are similar to and different from the other types of federal loans.
Similarities
They are secured by the US government
The are available under the Direct Student loan program
They are available through private lenders
They can be consolidated through various federal consolidation loan programs
Differences
They are taken out by the parent, rather than the student
They have higher interest rates
They require a credit check for the parent
They offer a few repayment options
They are immediately due for repayment
PLUS Consolidation
PLUS loans can be consolidated immediately upon disbursement and benefit from a fixed rate loan structure. The rate increases slightly each year on July 1st, similar to the other federal loans. You can consolidate PLUS loans for both undergraduate and graduate studies, even though they were originally designed for parents of undergraduates. Changes to this style occurred July 1, 2006 and is referred to as the Grad PLUS program.
The PLUS consolidation programs, as federal programs, give you the added benefit of deferment and forbearance when you want to continue your education further or if you have periods of unemployment or other financial hardship.