It's free to apply, and the process usually takes about 15 minutes. You might know the basics of refinancing and consolidating student loans, and what each lender offers in general, but you need to know so much more before choosing a lender.
There are benefits and drawbacks to what each student loan consolidation and refinancing lender offers, and it is important to be aware of all of them.
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 best student loan refinance lenders so you don't have to jump around to multiple websites.
Once you read through, you'll know how to refinance and consolidate student loans.
Below we've ranked the leading student loan refinancing and consolidation companies.
While subsidized loans don’t accrue interest while you’re enrolled at least half time or during deferment periods, unsubsidized loans begin accruing interest immediately after they’re taken out.
The help that is available is, in many ways, substantially different from its undergraduate counterparts.
And though the Consumer Financial Protection Bureau (CFPB), a consumer protection agency, generally steers borrowers away from private loans in favor of federal loans, it says that under a very specific set of circumstances, private loans can be a better alternative than federal Grad PLUS loans.
According to the CFPB, grad students should only pursue private student loans if they meet all of the following criteria: If you’re planning to take out a student loan for graduate school, expect to pay higher interest rates than you paid for your undergraduate education.
Some schools may offer scholarships for graduate students, although fewer are offered than for undergraduate students.
Still, it doesn’t hurt to contact the financial aid office of colleges you’re interested in attending and seeing what kind of scholarships may be available.