Consolidation is a form of refinancing to reduce multiple loans into a new single loan with new terms. (theloanforme.com)
So instead of having several different payments and interest rates, you have one single loan payment and interest rate. (savingthousands.com)
Loan consolidation allows you to pay off the outstanding combined balance (s) for one or more federal student loans to create a new single loan with a fixed interest rate. (thecollegeinvestor.com)