Consolidating your federal student loans dating site in english and de

As a result, the only way to get a lower rate is to take out a private refinance loan that pays off your higher rate federal student loans.Private loans are credit-based, so unless you have an excellent credit rating you will probably need a creditworthy cosigner to qualify for a lender’s lowest interest rates.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.So Fi was founded by a group of Stanford business students who wanted to help their peers escape from student debt with lower interest rates.The program launched at Stanford in 2011 and has quickly grown.It is free to apply and the process usually takes about 15 minutes. 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.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.

Below we've ranked the leading student loan refinancing and consolidation companies. Easily select your loan type, educational level, and loan amount to compare loan companies that meet your selected criteria.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.Instantly view loan options from ,000 to 0,000 using our student loan refinance comparison tool.Easily select your loan type, educational level, and loan amount to compare loan companies that meet your selected criteria.

Consolidating your federal student loans