Student loan refinancing or consolidation is an important step if you took out students loans during your studies. During your college years, you may have taken out 2 or more loans to pay for your studies and you will have to manage the payments to different credit companies, with different payment dates and interest.
Once you’ve finished college or completed an undergraduate or graduate degree program and are looking for work, you don’t have the time to handle and manage your old students loans.
This is where student loan refinancing comes in:
> It allows you to regroup several students loans in one loan, easier to manage, with only one repayment schedule and interest rate.
> Student loan refinancing can regroup your federal or privates loans.
> The rate can be lower rate than your actual students loans, or the rate will be a weighted average of your original loans’ rates.
> You will also be able to change the maturity date to adjust the repayment amount.
Comparelend has selected serious loans companies that offer you the best student loan refinancing options.
To be eligible for student loan refinancing you need to:
> Be a US citizen or permanent resident
> Be 18 years or older
> Reside in an eligible state
> Have completed an undergraduate or graduate degree
Like all other credit companies, our partners will also look at your credit score and history, your income and your employment status.
If you are eligible, our partners will make you a student loan refinancing offer.
Student loan refinancing allows you to regroup all your students loan in one. Thus, it will allow you to:
> Save time: manage only one loan, one repayment each month
> Save money: by grouping your loans, you can save money on your actual loans and get a lower rate for your consolidated loan.
> Manage your money: by changing the maturity date and grouping your loans, you can change your monthly repayment amount and manage your money depending on your new capacities
> Do it easily: our partners are online, so it’s easy to manage with a mobile app or through a website
Checking your eligibility for student loan refinancing will not affect your credit score.
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