Consolidating student loan programs
If you can lower your interest rates, more of your money can be used to reduce your debt, instead of paying off only your interest.Refinancing doesn’t guarantee lower payments, but it could help you get a lower interest rate and enable you to pay off your loan faster.But if the Fed starts worrying about inflation, policymakers may decide to raise rates to keep prices from rising too sharply.Each refinancing lender determines the rate they’ll offer a borrower on a case-by-case basis, so if you want to take advantage of the lowest interest rate available, it’s best to apply to many different lenders.
Learn more about whether refinancing is right for you.
When you consolidate multiple student loans or refinance a single student loan, you may receive a lower monthly payment with a reduced interest rate or an extended repayment term.
Keep in mind that extending your repayment term may increase the amount of interest you pay over the life of the loan.
from all the best student loan refinance lenders listed with a single application.
You can even check your prequalified rates without sharing your personal information or incurring a hard credit pull, so it won’t affect your credit.