One of the myths of consolidation is that it makes your debt less expensive by lowering your interest rate.
Nowadays, 7 out of 10 college graduates have student debt and the average has over $35,000!
If you took out a loan to pay for college, you are probably paying too much, and could potentially save thousands through refinancing!
Finding the right loan can be time consuming, and confusing.
That's why we've simplified the process using a single platform that allows you to find, customize, and fund your loan through our network of credit unions and community banks.“It seemed like the easiest process!
In the following sections, we will go over the refinancing and consolidation lenders in the industry and what they offer.
This post is the result of extensive research into the best options and compares the 9 most common online consolidation and refinancing choices.With Lend Key’s student loan consolidation and refinancing, you can combine your federal and private student loans into one convenient payment with a lower interest rate.That could help you better manage your finances, and save over the lifetime of your loan.Consolidating those loans into a single new one can simplify your payments, especially if your loans are with different loan servicers, the companies that oversee your payments.It can also be a way to get into repayment plans you otherwise wouldn't be eligible for.Refinancing your student debt is just like your car or home mortgage.