Best Student Loan Consolidation Companies

EduLoan Docs helps former students pay off federal student loan debt. They have services that will help you consolidate your loan debt and help you with loan forgiveness. EduLoan helps you find the right repayment plan to eliminate your debts as quickly and cheaply as popular.

Student Loan Hero was created by a former indebted graduate who was motivated to provide an unbiased solution to help former graduates manage, organize and repay their loans. Student Loan Hero helps borrowers understand their loans and make smart repayment decisions.

SoFi is a modern finance company with a suite of money solutions including student loan refinancing. SoFi strives to provide the best tools for the individual.

Earnest claims to offer better refinancing rates through data analysis. The company uses a data-driven evaluation of the consumer’s complete financial profile to give qualified borrowers lower, more personalized interest rates than those available through traditional lenders.

• Services: Earnest’s products serve both private and federal loan consolidation. The process begins with an initial application to give the potential client a proposed interest rate. Next the consumer completes a loan application so that the company can understand the users complete financial picture and offer the best loan rate possible. Finally, the company makes the funding decision. Earnest can tailor the exact minimum monthly payment. Earnest promises additional strategies for faster loan repayment without fees. Finally, consumers have the option to skip a payment and make it up later.
• Refinancing: Loan rates are disclosed after a completing a quick questionnaire. Their precision pricingTM keeps loan payments low, regardless of loan’s term. Earnest services the loan for the entire life of the loan with no third party involvement. It’s easy for consumers to adjust their payments and due dates. The company claims to beat their competitors loan interest rates due to their superior data analytics.
• Education and resources: Earnest’s blog covers a range of student loan consolidation questions as does their comprehensive FAQ section. The company also offers additional lending solutions for consumers and parents. Their iPhone app enables consumers to manage their loan on the go.
• Best for: Borrowers who meet the qualification requirements. Requirements include U.S. citizenship, debt from a Title IV accredited school, graduation from school, employment and status as primary borrower.

Citizens Bank is part of Citizens Financial Group, one of the oldest and largest financial services firms in the United States. Included in the Citizens Bank portfolio of offerings is their student loan refinancing product.

• Services: Citizens Bank offers a student loan refinancing product that can consolidate both private and public student loans into a manageable loan with one payment. Their Education Refinance Loan can be used to both refinance and consolidate student loans.
• Refinancing: Citizens promises low, competitive fixed and variable interest rates. Their product doesn’t have any application, origination or disbursement fees or a prepayment penalty. The loan term includes five, 10, 15 and 20-year options. Citizens also offers loyalty and automatic payment discounts.
• Education and resources: A loan calculator is available to compare rates and examine future payment scenarios. Citizens offers a FAQ section and additional banking and borrowing related articles.
• Best for: Individuals who are seeking a company which offers a range of financial solutions, in addition to student loan consolidations and Graduates who want to combine multiple loans.

LendKey offers a unique platform that offers consumers a method to consolidate and refinance student loans through credit unions and community banks.

• Services: Consumers apply online before receiving access to loans from LendKey’s network of community lenders. Rates and terms are disclosed quickly and tailored to the individual’s loan amount, location and credit profile.
• Refinancing: The loan can be customized by the borrower regarding loan term, interest rate and monthly payments, all with the end goal of maximizing borrower’s savings. The initial process doesn't affect the customer's credit score.
• Education and resources: LendKey’s resource center is divided into three separate portals: students, auto loans and personal finance. The portals offer useful articles regarding debt, credit and money management. Their article ‘Consolidation vs. Refinancing’ lays out the basic differences between both options for the consumer. The refinancing calculator illustrates the savings a consumer may enjoy from refinancing his or her student loan debt.
• Best for: Recent college graduates who want to consolidate multiple loans, former college students who want a lower monthly payment on their student loans, people looking for competitive offers from different lenders, borrowers looking for flexible repayment terms and those who want a no-hassle process.

The Rhode Island Student Loan Authority has been providing affordable higher-education solutions for students since 1981. The non-profit quasi-state authority offers student funding solutions throughout the state of Rhode Island.

• Services: RISLA offers a path to refinance existing private and federal education loans and lower interest rates and payments. The organization offers an instant credit decision.
• Repayment calculator: An online repayment calculator estimates the savings customers will see if they refinance their student loans.
• Refinancing: The new loan combines existing student debt into one easy-to-manage loan and promises to save the borrower thousands of dollars in interest charges. RISLA offers a 0.25 percent interest rate discount with auto deposit. The ‘Rates and Fees’ chart clearly outlines interest rates, terms and estimated monthly payments.
• Education and resources: RISLA’s College Loan Refinancing guide explains who benefits from refinancing, when to avoid refinancing, how to be a desirable borrower and how to compare loans. The ‘Calculate your savings’ calculator reveals the potential money saved from refinancing.
• Best for: Residents of Rhode Island seeking a path to refinance their loans with lower interest rates.

SimpleFi is a financial portal designed to give member employees access to a suite of financial wellness, debt, credit and personal finance tools. Whether students want to ease their debt or are experiencing unexpected circumstances, SimpleFi is determined to help alleviate the stress that massive debt can cause. SimpleFi believes everyone should have access to credit that is tailored to personal needs. They do this by either partnering with a company to provide programs for their employees or by working with the employees themselves.

• Services: All of SimpleFi services are available through the consumer’s employer benefit plan if the company is subscribed to SimpleFi.
• Refinancing: Refinancing is available through the consumer’s employer benefit plan if the firm subscribes to SimpleFi.
• Education and resources: All resources are available through an employer-sponsored SimpleFi membership. The firm prides itself on financial education tools including financial coaches and seminars on debt, student loans, tax topics and more. Their portal includes online and mobile access to credit reports and scores. Their financial dashboard makes all of the member services easily accessible.
• Best for: Employers who want to improve productivity and engagement, employers who don't want their employees withdrawing from their 401(k), employees with access to SimpleFi’s services who wish to relieve their student loan debt.

Credible partners with multiple lenders to give consumers the opportunity to receive competitive student loan consolidation or refinancing solutions. The portal helps students determine the best options for refinancing and/or consolidating their student loan debt by comparing loan offers online for free. Putting information from a variety of reputable private lenders in one place, Credible brings transparency to the student loan selection process.

Refinally is a student loan consolidation service that is designed for working professionals. A product of Collegiate Consolidation Services (CCS), Refinally broadens access to student loan consolidation to help students save money and lessen the financial burden of student loan repayment.

• Loan calculator: Refinally has an online loan calculator that allows consumers to enter their loan details and see how long it would take to pay their loan. Refinally then offers ways to lower monthly payments for consumers who apply for refinancing.
• FAQs for new adopters: With useful information about what student loan consolidation is and how Refinally can help, the Refinally FAQ section offers quick, comprehensive information for people unfamiliar with the concept.
• Customer service: Refinally offers personalized customer service through real agents. Each consumer is assigned a loan navigator to help them through the process, and agents are available on the phone Monday-Saturday.
• Qualifications: To qualify for consolidation with Refinally, consumers must have at least 15,000 dollars in student loan debt. The Refinally website lists which loans can and cannot be refinanced.
• Refinally U: A one-stop location for articles about student loan debt, Refinally U offers information for people who are considering loan consolidation.
• Best for: Refinally is best for working professionals with at least $15,000 in student debt and who want personalized service.

Square One Resolutions specializes in solving student loan debt. The firm gathers the client’s student loan information and additional details and works with attorneys and lenders to resolve the underlying debt. They have a variety of programs designed for the individual’s specific situation.