Consolidating private student loan fixed rate

07 Apr

Remember though, refinancing your federal loans could mean giving up your certain borrower benefits like deferment and forbearance, loan forgiveness, and income-driven repayment plans.Learn more about whether refinancing is right for you.

Generally speaking, you can’t consolidate a loan that’s already been consolidated, unless you add on another existing loan.Answer the questions below to see if consolidating or refinancing your student loans is a better option for you.Juggling multiple student loans can be complicated, especially if you’re making payments to different loan servicers.Consolidation might help you simplify your monthly payments, by combining many different loans into a single new loan with new terms.The tables below illustrate an example of how federal loan consolidation can help you manage multiple student loans, by combining them into a single payment.