Consolidating loan school
Not everyone is a good candidate for private student loan refinancing.Learn more about when to consolidate and refinance federal and private loans. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward –- and free. " Like the federal government, private companies offer the option to consolidate multiple student loans into one.The government offers plans that cut payments to 10% or 15% of “discretionary” income and offer forgiveness on the remaining balance after 20 or 25 years. If you have a large loan balance and a low income, income-driven repayment is probably your best option for the lowest monthly bill.
Like the federal government, private companies offer the option to consolidate multiple student loans into one.
Those include the option to tie payments to income and get loans forgiven if you work for the government or a nonprofit.