Start Best bank for consolidating student loans

Best bank for consolidating student loans

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

Today, graduates are leaving campus holding a diploma in one hand, and an average of $17,000 in debt in the other.

In America, student debt is the second largest class of consumer debt.

To come out ahead, you need to find a consolidation loan with a low interest rate and a reasonable term.

You can consolidate using a personal loan or a balance transfer credit card.

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

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

This can result in lower interest rates, and, in some cases, dramatically reduced monthly loan payments.

Many consolidation services offer fixed interest rates for the life of the loan, which can lock in your savings for years to come.

The DEAL Consolidation Loan is for non-North Dakota residents who have a DEAL Student Loan.

This program allows you to refinance your DEAL Student Loans along with any other private/alternative student loans you have with other lenders into one new loan.

For more information on federal student loans, visit Sallie Mae Although it is a separate agency from the federal government, Sallie Mae offers student loans for undergrads, graduates and parents.