Department of education consolidating private loans
A student loan consolidation will simplify your finances since you will only need to keep track of a single student loan bill each month.
Keep in mind that with a student loan consolidation, you are not saving any money since you are just combining all your student debts into one.
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See how much you could be saving by refinancing your student loans.
Finding the right bank to refinance or consolidate your student loans is confusing.
The rates and terms listed on our website are estimates and are subject to change at any time.Although the terms are often used interchangeably, they are not the same thing.Student loan consolidation and refinancing both result in a single monthly bill, however student loan refinancing could result in significant savings.Student loan consolidation is combining multiple loans into a single, new loan.When students are borrowing money to pursue a higher education, they often need to borrow from multiple lenders to cover all the expenses of college, which includes tuition, housing, and books.