After you are done, you will know how to refinance student loans and how to consolidate student loans.
Below we've ranked the leading student loan refinancing companies. In just 15 minutes you might be able to save ,000.
Student loan consolidation: Consolidation is the process of combining your government loans so that you can make a single monthly payment.
Should I refinance my student loans with fixed or variable interest rates? How do I consolidate or refinance my student loans? How much can I save by refinancing my student loans?
When even the basic term "consolidation" means different things for different lenders, the process can understandably seem daunting.When you apply, most banks and lenders will look at your credit score, annual income, savings, and college degree type (or certificate of enrollment if still in school).If you meet these requirements, you might be an excellent candidate for student loan refinancing and consolidation!If you're consolidating with a private lender, consolidating your loans means combining and refinancing your loans into one new private loan.Today, the answer to that question is probably yes!At Lend EDU, we help borrowers compare the top student loan companies in one place.We put together this guide to help you get information on all of the top student loan refinance lenders without having to jump around multiple websites.You have some flexibility in picking your loan term, but you'll simply receive an interest rate that's a weighted average of your existing rates.You can only consolidate federal, not private, student loans through this program.(Note: You cannot consolidate federal and private student loans together through the federal government, either.) You can consolidate an existing Direct Consolidation Loan so long as you have a new eligible loan with which it can be consolidated.Check out the official government site for all the details on eligibility.