Consolidating private student loans with federal student loans

So, for instance: If the average comes to 6.15%, your new interest rate will be 6.25%.

Private consolidation is often referred to as refinancing.

These processes are often confused, but they’re very different.

Private student loan consolidation, or refinancing, means replacing multiple student loansprivate, federal or a combination of the two — with a single, new, private loan.

You’ll save money if your new loan has a lower interest rate.

With an average balance of $28,400, student debt is a big part of the average college graduate's life.

Last modified 24-Mar-2020 18:42