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.
Below we've ranked the leading student loan refinancing and consolidation companies. There are many different benefits and drawbacks of what each student loan consolidation and refinancing lender offers, and it is important to be aware of all of them.
Under the Direct Loan Consolidation Program, you can consolidate Subsidized and Unsubsidized Stafford Loans, Supplemental Loans for Students (SLSs), Federally Insured Student Loans (FISLs), PLUS Loans, Direct Loans, Perkins Loans, Health Education Assistance Loans (HEALs), and just about any other type of federal student loan.
Rather, its goal is to put as many students through school as affordably as possible, and that includes recommending consolidation loans when appropriate. If you’re not sure which bank services your loans, you can check an online database called the National Student Loan Data System and find all the information about your loans that’s been forwarded to the USDOE by your school and whatever companies guarantee and service your loans.Learn more about when to consolidate and refinance federal and private loans.The federal government is the nation’s primary provider of both student loans and the consolidation loans used to combine existing student loans into one large loan.With just a few exceptions, you get only one chance to consolidate with the government loan programs.WARNING: It is very dangerous to consolidate federal loans into a private consolidation loan.Do not include private loans, because they cannot be included in federal consolidation.