Consolidating private law school loans

On their website, they boast saving its refinancers an average of 8 per month.

They can consolidate both federal and private student loans, offer unemployment protection and have a fixed rate of 3.250% APR.

Application requirements for student loan refinancing vary between lenders.

If your loans are federal You most likely qualify for a government program to consolidate these loans.

The Federal Direct Consolidation Loan program will allow you to have only one bill each month.

When you sell your loans to the private lenders, you also give up the federal programs that go along with them.

This makes it harder to pause your loan payments and causes you to lose your eligibility for income-driven plans.

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In order to get the lowest monthly payment possible in this situation it is helpful to consult a student loan specialist.

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