Please note, from here on out, we consider "consolidation" and "refinancing" the same thing.
All of these companies have been vetted by The Student Loan Report team for product quality, security, and customer experience.
One of the best places to start looking is the federal Direct Consolidation Loan program.
If you continue borrowing for graduate school, it’s easy to add another 4-6 lenders to the mix.
Each one of these student loans has its own due dates, interest rates and payment amounts.
Keeping track of that many payments is complicated and part of the reason that 8 million Americans have defaulted on over 0 billion in student loans That is why student loan consolidation appears as such an attractive solution, but there are things you should know as you consider this approach.
Your new loan typically has a lower interest rate, saving you money, or a lower monthly payment, making repayment more manageable.
We’ve created this guide to help borrowers better understand the emerging student loan refinancing and consolidation industry.
Today, graduates are leaving campus holding a diploma in one hand and an average of ,000 in debt in the other.