Best consolidating private student loans

01-Dec-2017 11:27

Alternatively, you could extend the repayment term of your student loan to help lower your monthly payments.You’ll pay more interest over time, but it can help prevent you from defaulting if your budget it tight.Next, why would you want to consolidate student debt?

Check out Common Bond's student loan consolidation page for more details on refinancing and consolidation options.Your new loan will come with whatever borrower protections your new lender specifies.(Be sure that, at minimum, you can take advantage of deferment and forbearance so that you have some cushion in the event of an emergency).While you hopefully snagged your dream job after graduation, it’s even more likely that you landed with some pretty steep student loan payments.

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Depending on the type of student loan you have and your ability to meet your monthly payments, you may want to consider refinancing the loan.When even the basic term "consolidation" means different things for different lenders, the process can understandably seem daunting.

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