Consolidating and refinancing federal student loans kids learn radiocarbon dating

Today, the answer to that question is probably yes!

7 out of 10 graduates are now graduating with some form of student loan debt.

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.

Conventional wisdom used to hold that federal student loans are categorically better than private student loans.

And while that's never been true for everyone, it has been a useful mental shortcut because federal loans are a better option for many borrowers.

However, private lenders are increasingly offering lower rates than the federal government for high credit-quality graduate students.

Additionally, you’ll get a new loan term ranging from 10 to 30 years.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.While a lower interest rate is good news, your new loan may not come with all the borrower benefits associated with government loans.For example, borrowers with federal student loans can take advantage of federal income-driven repayment programs, or benefits like loan forgiveness, which borrowers with private student loans typically don’t have access to.

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