Consolidate Link Application For Free

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Private and federal refinancing. If you want to combine your federal and private student loans, you'll need to refinance them with a private lender. Save money with a lower interest rate or longer term. Choose a fixed- or variable-rate loan. Release a co-signer. Move debt obligation.
You can consolidate all, just some, or even just one of your student loans. Consolidating federal student loans may be a good strategy to lower monthly payments or to get out of default, but it is not always a good idea. Consolidation loan borrowers should not be charged origination fees.
It can be overwhelming and confusing to have many payments to a bunch of loan providers, so it can simplify things to concentrate on a single loan payment. Consolidating your student loans also won't affect your credit score much. Federal consolidation doesn't incur a credit check, so it won't hurt your credit score.
Pros of Consolidating Federal Loans Lower payments: Consolidating your federal loans can lower your monthly payments by giving you up to 30 years to repay your loans. Fixed rates: The interest rate on a Direct Consolidation Loan is a fixed interest rate, which means it will remain that way for the duration of the loan.
Federal student loan consolidation combines multiple federal loans into a single federal loan through the Department of Education. You may need to consolidate to be eligible for some federal loan repayment programs, but federal consolidation won't lower your interest rate. It may lower your payments by extending them.
Consolidating your student loans won't affect your credit score much. Federal consolidation doesn't incur a credit check, and refinancing has a soft credit pull. In both instances, these actions won't affect your credit score negatively.
You or your co-signer generally need a credit score at least in the high 600s to qualify for student loan refinancing. Lenders' minimum credit score requirements range from 650 to 680.
Private and federal refinancing. If you want to combine your federal and private student loans, you'll need to refinance them with a private lender. Save money with a lower interest rate or longer term. Choose a fixed- or variable-rate loan. Release a co-signer. Move debt obligation.
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