Consolidating student loans federal government
With student loan consolidation, you may be able to refinance at a lower interest rate, decrease your monthly payment, or both!
If you don’t think you meet the requirements, don’t worry – as you can apply with a cosigner to increase your chances of getting approved for a better student loan.
Borrowers typically have the option to make interest-only payments during this period in order to prevent accruing interest from increasing their balance.
Many parents take out "Parent PLUS" loans to pay for their children to attend college.
Fixed-rate loans often have higher rates than the introductory rates on variable loans.
However, borrowers have peace of mind knowing their monthly payments will always be the same amount.