You can find each lender below, along with information on rates, terms, and other key details. But remember, lowering your monthly payments could mean that you end up paying more in interest overall.
If you have questions or need help finding the right resources to get out of debt, we can help.To use this form of consolidation, you need at least one Federal Direct or FFEL loan to use each consolidation loan respectively.If you have at least Federal Direct Loan, then you can use a Federal Direct Consolidation Loan to consolidate almost all of your federal loans. 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?Student loan refinancing: Refinancing is when a student loan lender buys out your existing loans, and gives you a single new loan with a potentially lower interest rate.
As part of the process, you’ll need to provide details about your existing federal student loans, and choose a federal loan servicer and repayment plan for your new consolidation loan.