Best option for consolidating private student loans

Student loan debt is a grave concern in modern America.In fact, the amount of debt from student loans topped

Student loan debt is a grave concern in modern America.In fact, the amount of debt from student loans topped $1.3 trillion at the end of 2016, and 68% of seniors graduating from public and nonprofit colleges have student debt – the average is $30,100.We’ll walk you through some of the key considerations as you decide whether refinancing or consolidating is right for you (there are even situations where you might want to do a mix of both).We can also help connect you with lenders who participate in refinance and consolidation programs that offer the terms and benefits you may be looking for, and get the process started for both federal and private student loans.Read our reviews for help deciding which student loan may work best in your situation.Because of rising tuition and fees, most students will need to look outside of their own families to afford college costs.

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Student loan debt is a grave concern in modern America.

In fact, the amount of debt from student loans topped $1.3 trillion at the end of 2016, and 68% of seniors graduating from public and nonprofit colleges have student debt – the average is $30,100.

We’ll walk you through some of the key considerations as you decide whether refinancing or consolidating is right for you (there are even situations where you might want to do a mix of both).

We can also help connect you with lenders who participate in refinance and consolidation programs that offer the terms and benefits you may be looking for, and get the process started for both federal and private student loans.

Read our reviews for help deciding which student loan may work best in your situation.

Because of rising tuition and fees, most students will need to look outside of their own families to afford college costs.

.3 trillion at the end of 2016, and 68% of seniors graduating from public and nonprofit colleges have student debt – the average is ,100.We’ll walk you through some of the key considerations as you decide whether refinancing or consolidating is right for you (there are even situations where you might want to do a mix of both).We can also help connect you with lenders who participate in refinance and consolidation programs that offer the terms and benefits you may be looking for, and get the process started for both federal and private student loans.Read our reviews for help deciding which student loan may work best in your situation.Because of rising tuition and fees, most students will need to look outside of their own families to afford college costs.

This is a common situation, but it’s important that you research all of your scholarship, grant and loan options before getting a private student loan.

We start by discussing the basics of student loan consolidation and refinancing, and comparing the benefits and drawbacks of federal and private consolidation loans.

We then detail a step-by-step guide to using and choosing consolidation loans.

(If you’re already well-versed in your consolidation options, but are looking for information on newer programs such as a Home Equity Line of Credit (HELOC) Refi, we’ve got that covered as well.) Student loan refinancing allows you to modify either one or multiple student loans with new terms, including a lower interest rate.

You can combine both federal and private student loans, should you choose to do so. In contrast, student loan consolidation typically refers to the federal program known as the Direct Consolidation Loan; although sometimes people use the term ‘consolidation’ to simply describe the merging of many loans into one.

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