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Fortunately, we’ve highlighted the six best banks and lenders to help you refinance and consolidate both private and federal student loans, based on your financial situation.With student loan consolidation, you may be able to refinance at a lower interest rate, decrease your monthly payment, or both!If you don’t think you meet the requirements, don’t worry – as you can apply with a cosigner to increase your chances of getting approved for a better student loan.

We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions.

The rates and terms listed on our website are estimates and are subject to change at any time.

Please do your homework and let us know if you have any questions or concerns.

Variable-rate student loans have interest rates that can change during the repayment period.

When you apply, most banks and lenders will look at your credit score, annual income, savings, and college degree type (or certificate of enrollment if still in school).

If you meet these requirements, you might be an excellent candidate for student loan refinancing and consolidation!Interest rates may increase or decrease at any time and typically do so based on changes to LIBOR.Often, the introductory rate on a variable-rate loan is lower than that of a fixed rate loan, though it has the potential to increase later.If a borrower loses their job through no fault of their own, they may be eligible to receive unemployment benefits with some lenders.If approved for this benefit, the lender will put the borrower's loans into forbearance, suspending their monthly loan payments.Unpaid interest will continue to accrue and will be capitalized (added) onto the borrower's principal balance.