You can find each lender below, along with information on rates, terms, and other key details.
But remember, lowering your monthly payments could mean that you end up paying more in interest overall.
Plus, consolidating could make it impossible for you to have a Perkins Loan forgiven or reduced.
Here are some frequently asked questions and answers that may help determine if it’s the right move for you.
If you need more cash in your pocket right now, consolidation can help by extending the life of your loan and thus trimming your monthly payments — although the length of your repayment terms will depend on the amount of debt you have, and you may not be able to extend at all.
What’s more, some benefits of a federal consolidation loan, such as interest subsidies on deferred loans, are not available on private loans.
Yet despite the appeal — and its popularity — student loan consolidation isn’t for everyone.
Below we've ranked the leading student loan refinancing companies. When you consolidate federal loans, your new fixed interest rate will be the weighted average of your previous rates, rounded up to the next ⅛ of 1%.