Help with consolidating private student loans
All of the banks and lenders below allow borrowers to refinance student loans, as well as consolidate them during the process.(Note: When mentioning student loan refinancing throughout this guide, it is implied that consolidation can be a part of the same process.) Both private and federal student loans can be refinanced with a private lender.These ratings are completely objective and are not influenced by compensation in anyway.Note: In the following review boxes, "Cosigner Release" refers to removing the cosigner on your refinanced loan, if you have one.As of June 1, 2019, the one-month LIBOR rate is 2.43%.
The best lenders listed below are determined by our Editorial Ratings which analyze over 20 data points from 18 refinancing companies.
If you don’t meet the requirements of a certain lender, a creditworthy cosigner can increase your approval odds and help you receive a lower interest rate.
In this guide: Each student loan refinance lender has its own specific underwriting criteria, so your approval odds may be higher at one lender than another.
The borrower will be presented with an Application Disclosure and an Approval Disclosure within the application process before they accept the terms and conditions of their loan.
The borrower will be eligible for a 0.25 percentage point interest rate reduction on their loan if the borrower or their co-signer (if applicable) has a qualifying account in existence with us at the time the borrower and their co-signer (if applicable) have submitted a completed application authorizing us to review their credit request for the loan.