After 180 days, you will need to apply for a new Direct Consolidation Loan.
Request to Add a Loan to an Existing Federal Direct Consolidation Loan Mail your completed form to: Navient - Department of Education Loan Servicing Attn: Loan Consolidations Originations P. Box 6180 Indianapolis, IN 46206-6180 The interest rate is calculated by the weighted average of the interest rates of the loans consolidated, rounded up to the nearest 0.125 percent.
To consolidate is to combine assets, liabilities and other financial items of two or more entities into one.
In the context of financial accounting, the term consolidate often refers to the consolidation of financial statements, where all subsidiaries report under the umbrella of a parent company.
Consolidation also refers to the merger and acquisition of smaller companies into larger companies.
This is used when the parent company holds a majority stake by controlling more than 50% of the subsidiary business.
Parent companies that hold more than 20% qualify to use consolidated accounting.