Refinance student loan consolidating student loan


Private student loans are credit-based, meaning student borrowers with high credit scores will pay lower interest rates than those with low scores because banks assess the risk of each borrower.Learn more about federal student loans All students are eligible for federal loans, regardless of financial need.While both may be eligible for consolidation, it is important to think of these two types independent of each other when considering consolidation.



If your credit score has improved dramatically since graduation, you may be in line for a lower interest rate.Refinancing student loans, on the other hand, is a step beyond consolidation.When you refinance multiple loans, the lender will evaluate your current financial profile to provide a rate that reflects your financial progress since you originally took out the loans. Why not strive to offer your customers the best deals instead of making them jump through hoops to re-apply for a much better rate?When you consolidate student loans – either federal or private – it’s one payment to one lender, once-a-month.

Loan consolidation for student loans was created to make it easier for millions of borrowers to pay off their debt.

Our favorite, So Fi, aka Social Finance, has quickly positioned itself as the top student debt refinance lender on the market.