Consolidating student loans in

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With student loan consolidation, you may be able to refinance at a lower interest rate, decrease your monthly payment, or both!When you apply, most banks and lenders will look at your credit score, annual income, savings, and college degree type (or certificate of enrollment if still in school).Longer terms will typically result in lower monthly payments but at a higher interest rate.Borrowers may select any term offered by a lender regardless of the current loan term.Learn more"Term" refers to the length of the loan, typically in years.In general, the shorter the term, the lower the interest rate and the higher the monthly payments.

Unless indicated otherwise, values shown are over the lifetime of the loan.

Variable-rate student loans have interest rates that can change during the repayment period.

Interest rates may increase or decrease at any time and typically do so based on changes to LIBOR.

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Similar to when you are being sold any product or service, be sure to read the fine print, understand what you are buying, and consult a licensed professional if you have any concerns.

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