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.
Student loan consolidation: Consolidation is the process of combining your government loans so that you can make a single monthly payment.
If you’re more concerned about lowering your interest rate, private student loan consolidation, or refinancing, might be the better option for you.
Refinancing your loans can lower your interest rate and your monthly payment.
With an average balance of ,400, student debt is a big part of the average college graduate's life.
At Lend EDU, we help borrowers compare the top student loan companies in one place.
While a lower interest rate is good news, your new loan may not come with all the borrower benefits associated with government loans.
If you consolidate parent PLUS loans with other direct federal student loans into a federal Direct Consolidation Loan, the only income-driven repayment (IDR) program that loan will be eligible for is income-contingent repayment (ICR), the least generous of all IDR plans.
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.
After you are done, you will know how to refinance and consolidate student loans. You may now have a general idea of how to refinance student loans and how to consolidate student loans, as well as the basics of what each lender offers, but there is much more information you should know before choosing a lender.
This new loan maintains the same average interest rate across all of your loans (more on this below).
For students who feel buried in bureaucracy over student loan repayment and managing various lenders and due dates, student loan consolidation may be a good fit for you.
You cannot use a Direct Consolidation Loan to consolidate private student loans.