You have a variety of repayment plan options and have the opportunity to change your repayment plan at least annually. (nslp.org)
You can, however, change the repayment plan on this new single loan to possibly lower your payments or extend your term, but that's a separate process from the consolidation itself. (lendkey.com)
Private student loans usually don't offer the same flexibility of repayment options as federal student loans; you generally can't change your repayment plan after you take out a private student loan. (salliemae.com)