For those with a significant student loan burden who are wondering how to repay, refinancing and consolidating could be the best solution. Many student loan companies and other lenders are now offering diverse ways of consolidating federal and private loans into one loan.
Companies to consider
Finding the best company for this financial solution should not be a hectic process. There is no shortage of options when it comes to student loan consolidation. The student loan consolidation companies help students with various loans to combine them into one. In case you want to know how and where to get these companies, below are some of the best you could consider. Every one of them has a distinct eligibility criterion.
Common Bond offers both private and federal student loan consolidation and financing. There focus on the well-being of the community makes them gain a great network of alumni and professionals within the community that helps others with financing their student loans.
Citizens Bank offers both private and federal student loan consolidation and financing. Their Education Refinance Loan can help you trim your monthly payment or reduce your interest rates to make payment more affordable.
CollegeAve offers student loan consolidation and refinancing for federal, private, and parent PLUS loans. They can help you reduce the cost of your student loan, current monthly payment rates, or even both.
Darien Rowayton Bank
Darien Rowayton Bank offers student loan consolidation and refinancing for federal, private, and parent PLUS loans. The fact that they allow Parent PLUS loans owed by parents to go through refinancing in the student’s name makes them an attractive consolidation partner.
Earnest offers both private and federal student loan consolidation and financing. They are a very appealing option especially because of their broad qualification criteria and customizable repayment options.
SoFi offers student loan consolidation and refinancing for federal and private loans, including Parent PLUS loans. They offer an array of choices to help you optimize your monthly payments, lifetime cost, or payoff speed.
NelNet U-fi offers private and federal student loan consolidation and refinancing. Their aim of helping borrowers of student loans reach their educational and financial goals makes them more appealing.
LendKey offers student loan consolidation and refinancing for federal and private loans. It is a single platform through which one can find, customize and fund loans through credit unions and community banks.
Upstart offers a platform that provides personal loans for any purpose including student loan consolidation and refinancing.
Wells Fargo offers student loan consolidation and refinancing for private loans only with Wells Fargo Private Consolidation Loan.
The Alliant Credit Union
The Alliant Credit Union offers both private and federal student loan consolidation and financing. They are a not-for-profit credit union that will help you to tame your student debt by combining all your loans into one with low monthly fixed rates.