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Student Loan Refinance

Things have changed since freshman year, your loan rate should too. Learn how refinancing could help you save.

Can I Use a HELOC to Refinance My Student Loans?

Student Loan Refinance

Can I Use a HELOC to Refinance My Student Loans?

According to a recent poll, Americans said that taking out too much money in student loans was the financial mistake that took them the longest to recover from. And with student loans taking an average of 18.5 years to repay, this is no big surprise.

3 min read

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How to Prepare for the Return of Student Loan Payments

Student Loan Refinance

How to Prepare for the Return of Student Loan Payments

Over the past two years, federal student loan borrowers have enjoyed a payment moratorium, or a pause of their monthly loan obligation. With federal loan forgiveness still up in the air, most of these borrowers are set to see their required payments return as early as September 1.

5 min read

Frequently Asked Questions

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Student Loan Refinancing is the process of obtaining a new loan at a new, hopefully lower, interest rate. Which would be used to paying off your old student loans and getting a new one with different repayment terms. Our lenders have options to refinance both federal and private student loans. 

Loan consolidation allows you to combine multiple federal student loans into one loan with a fixed interest rate based on the average of the interest rates on the loans being consolidated.

Loan Consolidation does not offer any interest savings and does not accept private loans. Refinancing can be a good solution for those with private student loans or for persons who have private and federal student loans.

Fixed rate loans have an interest rate that does change during the lifetime of the loan, meaning that you would pay the same amount each month. Which would also mean you would know the total interest you would pay throughout the lifetime of the loan.

Variable rate loans are loans that have an interest rate that can change over time in line with economic conditions. Variable rates will generally have lower starting interest rates than fixed rate loans, but the payment amounts and interest rate can change over time in line with economic conditions affecting interest rates.

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