When you consolidate data, you are assembling data so that you can more easily update and aggregate as needed.
For example, if you have an expense worksheet for each of your regional offices, you might use consolidation to roll these figures into a master corporate expense worksheet.
Loan consolidation can be helpful for borrowers who want to combine their eligible federal student loans into a single Direct Consolidation Loan.
It's important to understand and carefully consider all factors before consolidating.
So, the interest rate on a consolidation loan may be higher than the underlying loans.
Tip: If you frequently consolidate data, it might help to base your worksheets on a worksheet template that uses a consistent layout.There are two ways to consolidate data: by Category or by Position.Consolidation by position: When the data in the source areas is arranged in the same order and uses the same labels.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.