Best Student Loan Refinancing and Consolidation

Student loan debt can feel overwhelming, especially if you’re dealing with multiple lenders. Luckily, you have options to simplify or improve your repayment strategy. Consolidation and refinancing are two popular methods with benefits and drawbacks to both. Consolidation is a process used to simplify repayment while refinancing is the only way to save money on your loans. Borrowers should thoroughly research interest rates and any forgiveness or deferment benefits attached to their existing loans before choosing to consolidate or refinance.
Student Loan Refi and Consolidation Companies | |||
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SoFi | Award-winning marketplace lender offering fixed- and variable-rate student-loan refinancing. $5,000 minimum loan with terms up to 20 years available. The company also provides unemployment protection and career support. | ![]() | |
Great Lakes Higher Education Corp. | U.S. Department of Education consolidation servicer for Direct Consolidation loans available for federal student loans. Non-profit organization dedicated to helping students finance their education and borrow responsibly. | ![]() | |
Credible | Marketplace dedicated to providing personalized student loan refinancing offers from top private lenders. Federal and private student loans qualify. Comparison shoppers can compare loans 24 hours a day for free. | ![]() | |
Wells Fargo Student Loans | One of the largest banks in the U.S. offering private student loan consolidation and refinancing. Consolidate federal and private student loans. $5,000 minimum debt for consolidation. Interest rate discounts may be available. | ![]() | |
Student Loan Hero | Helps customers find the best lenders for refinancing student loans. The company does not directly supply loans, but connects users to their options and guides them through the process with helpful tools and educational content. | ![]() | |
EduLoan Docs | Offers federal loan consolidation assistance by helping former students through the application process and by selecting the best repayment or loan forgiveness plans for their unique situation. | ![]() | |
Citizens Bank Education Refinance Loans | Read Expert Review | Offers student loan refinancing of private and federal student loans. Requires a minimum of $10,000 in student loan debt to qualify. Loan terms from 5-20 years are available. Get your rate online. | ![]() |
CommonBond | Read Expert Review | Student loan refinancing provider offering fixed, variable and hybrid rates. Minimum loan of $5,000 required and loan terms from 5 to 20 years are available. | ![]() |
Earnest | Read Expert Review | Offers merit-based student-loan refinancing to financially responsible individuals with a minimum loan requirement of $5,000. Customers can request a free interest rate estimate in 2 minutes without affecting their credit score. | ![]() |
LendKey | Read Expert Review | Matches borrowers with community financial institutions offering low-cost student-loan refinancing. Once approved by a lender, customers can choose a level or graduated repayment plan. Requires minimum loan of $7,500 to qualify. | ![]() |
Rhode Island Student Loan Authority | Read Expert Review | Nonprofit state authority offering student-loan refinancing to borrowers nationwide. Qualifying loans include federal loans, private loans and parent PLUS loans. Annual income of $40,000 required to qualify. $7,500 minimum loan. | ![]() |
Splash Financial | Read Expert Review | Online lender partnered with Pentagon Federal Credit Union to provide refinancing of student loans to college graduates and medical professionals. Minimum loan of $7,500 required. 5 to 15-year loan terms available. | ![]() |
Student loan consolidation vs. refinancing
How to consolidate student loans
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How to refinance student loans
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Student loan refinancing and consolidation reviews
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