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Reviews consolidating large student loans 27
When you refinance your student loans, one of the biggest decisions to make is on repayment length. Picking the right repayment length requires some strategy and a bit of guess-work about what your finances will look like in the future. Today, graduates are leaving campus holding a diploma in one hand and an average of ,000 in debt in the other.
In short, when you refinance your student loans, your new lender will pay off your old loans and issue you a new one.
Your new loan typically has a lower interest rate, saving you money, or a lower monthly payment, making repayment more manageable.
We’ve created this guide to help borrowers better understand the emerging student loan refinancing and consolidation industry.
By now you should know the basics behind student loan consolidation and refinancing.
Now, we would like to present unbiased descriptions of the 11 major student loan consolidation companies.
Please note, from here on out, we consider "consolidation" and "refinancing" the same thing.
All of these companies have been vetted by The Student Loan Report team for product quality, security, and customer experience.
For more information about any one of these student loan refinancing lenders, look for the link to our full review and analysis of the companies.
As we mentioned earlier in the article, So Fi is the leading to refinance student loans with.
To date, So Fi has been able to help thousands of student loan borrowers lower their monthly payments and total loan cost.