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.
Qualifying Special Direct Consolidation Loan borrowers will receive a .25% interest rate reduction on their consolidated FFEL loans plus the .25% interest rate reduction for payments made through automatic debit.
If you have several federal education loans, you may want to consider combining them into one new loan with one monthly payment.
This is called loan consolidation and can help keep you organized and on track with repayment. Department of Education (ED) encourages borrowers with both types of loans to consolidate them into the Direct Loan program.
For many borrowers, this is the most practical option for getting out of default.
Learn more » Canceling your loan is only available in limited situations, but if you’re in default, it could be an option for you.
If the requirements above sound good, we think that you are a great applicant for student loan refinancing and consolidation.