In that instance you’re essentially finding a private lender that will refinance your private loans.

consolidating federal school loan-90

Borrowers who graduated before 2010, when the government shifted to Direct Loans, for example, need to consolidate their loans to access the latest income-driven plan, Revised Pay As You Earn.

Parent PLUS borrowers most consolidate their loans into the federal Direct Loan program if they want to enroll in the only earnings-based plan available to them, income-contingent repayment.

College students can take out new loans each year they’re in school, so by the time graduation comes, it’s common to have half a dozen, or more, individual loans.

Each of them may have different terms, including interest rates.

After you are done, you will know how to refinance and consolidate student loans. Compare the Best Student Loan Refinance Rates Instantly view loan options from $5,000 to $500,000 using our student loan refinance comparison tool.

Below we've ranked the leading student loan refinancing and consolidation companies. Easily select your loan type, educational level, and loan amount to compare loan companies that meet your selected criteria.

Today, 7 out of 10 graduates are graduating with some form of student loan debt.

With an average balance of ,000, student debt is a big part of the average college graduate's life.

At Lend EDU, we help borrowers compare the top student loan companies in one place.

We put together this guide to help you get information on all of the top student loan refinance lenders without having to jump around multiple websites.

Be wary of consolidating if you’ve already made progress toward loan forgiveness under the 10-year period for public sector employees or the 20-year period under income-driven plans.