Www consolidating student loans com

Those include the option to tie payments to income and get loans forgiven if you work for the government or a nonprofit.If you have private loans only, or you don’t plan to take advantage of those federal protections, compare refinance lenders to get the lowest possible rate.Today, there are a number of new private consolidation companies looking to help borrowers improve their financial health.Our favorite, So Fi, aka Social Finance, has quickly positioned itself as the top student debt refinance lender on the market.Federal loan consolidation doesn’t have a credit requirement, and it offers the benefit of a single loan bill and potentially lower payments.But it’s only for federal loans, and it won’t cut your interest rate.Each lender has its own specific underwriting criteria, so you may have a higher chance of approval at certain lenders.

Signing up for auto-pay is easy and So Fi’s customer service support staff can help you through the process if you run into any trouble. If interest rates do happen to rise, variable interest rates will be capped at 8.95% to 9.95% APR.Today, 7 out of 10 graduates are graduating with some form of student loan debt.With an average balance of ,000, student debt is a big part of the average college graduate's life.Borrowers can select the loans they would like to refinance or consolidate, So Fi pays them off, and then borrowers pay off a new loan issued from So Fi.So Fi aims to help undergraduate and graduate borrowers lower their monthly payments and obtain lower interest rates.After you are done, you will know how to refinance and consolidate student loans. Compare the Best Student Loan Refinance Rates Instantly view loan options from ,000 to 0,000 using our student loan refinance comparison tool.

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