Best company for consolidating private student loans Naked men in boundage

The rates on the loan consolidations depend on your credit profile.

Rates can be variable or fixed, with loan durations of five, 10, 15 or 20 years.

best company for consolidating private student loans-59

When paying for college, exhaust all your other options — scholarships, grants, work-study and federal student loans by filling out the FAFSA — before turning to private student loans.

Federal student loans offer borrower protections that private loans may not, such as income-based repayment plans and forgiveness programs.

With a Citizens Bank student loan consolidation, borrowers can also combine their undergraduate and graduate loans together.

Annual consolidation loan rates range from 2.19 to 9.39%.

Student loan debt can be overwhelming, especially if the borrower has multiple lenders and both private and federal loans.

Consolidation allows students to combine all their loans into a single loan, with one monthly payment to a single lender.

By now you should know the basics behind student loan consolidation and refinancing.

Now, we would like to present unbiased descriptions of the 11 major student loan consolidation companies.

Please note, from here on out, we consider "consolidation" and "refinancing" the same thing.

All of these companies have been vetted by The Student Loan Report team for product quality, security, and customer experience.

Student Loan Hero provides customers with the support they need to organize, manage and repay their student loans.

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