Student loan consolidating

Student loan consolidating

Consolidation might help you simplify your monthly payments, by combining many different loans into a single new loan with new terms.

The tables below illustrate an example of how federal loan consolidation can help you manage multiple student loans, by combining them into a single payment.

Remember though, refinancing your federal loans could mean giving up your certain borrower benefits like deferment and forbearance, loan forgiveness, and income-driven repayment plans.

Learn more about whether refinancing is right for you.

Fixed interest rates don’t change for the life of your loan, so you’ll always know how much you’re expected to pay.