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Federal student loans are eligible for consolidation through the U.S. Department of Education’s Direct Consolidation Loan program. Private student loans can be combined through a process more ...
Refinancing private student loans may be a good idea if you can save money in interest, secure a lower monthly payment – or both – or if you’re simply not happy with your current lender. 1 ...
Refinancing with a private lender can also combine federal or private student loans. Either way, you’ll end up with one monthly payment instead of several with different interest rates.
Where you once had to sign loan documents in person or fax or mail them in, most student loan companies now handle their entire process online for ultimate convenience. 5. Transfer payments to ...
Credit unions typically offer personalized service and interest rate discounts.
7. Refinanced student loans. Several private financial institutions offer refinance student loans, which are private student loans that are used to consolidate your existing student loans ...
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