Consolidating undergrad and graduate loans

We’re on your side, even if it means we don’t make a cent.

Like the federal government, private companies offer the option to consolidate multiple student loans into one.

But unlike the federal government, they can consolidate both federal and private loans.

The goal with this process is not only to get the ease of a single payment, but to receive a lower interest rate based on your financial history.

And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free. Here’s how to choose a strategy — federal student loan consolidation, refinancing through a private lender or income-based repayment — that will make your payments more affordable.

We believe everyone should be able to make financial decisions with confidence. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. " To see how much you’d pay monthly using each option — refinancing, federal consolidation and income-driven repayment — enter a few details about your loans in the consolidation calculator below.

When you consolidate through the federal government program, you can only consolidate federal loans into a new loan with a fixed interest rate, which is determined by averaging your current rates.

When you consolidate your loans, you have only one due date to remember as opposed to several, making it easier to manage your finances.

Plus, we'll help you determine whether you can improve your student loan situation through consolidation.

For more information on what you need to know about consolidating student loans, contact Citizens Bank today.

However, if you have a steady income, have made payments on student loan and other debts, or want to switch from a fixed to variable rate, consolidation may be beneficial for you.

If your primary objective is simplifying monthly payments, consolidation could be a beneficial means to do so even if your financial situation hasn't changed enough for you to qualify for lower rates.

Managing multiple due dates and lenders can seem complicated; however, many graduates consolidate and refinance their student loans in order to simplify monthly payments and potentially qualify for better rates.

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Consolidating undergrad and graduate loans introduction

Consolidating undergrad and graduate loans

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