Slash your monthly costs with private student loan consolidation

How Consolidation Works

When you consolidate your private student loans, a lender pays off your existing loans and issues you a new loan. This new loan typically comes with a different interest rate, which can be fixed or variable, and a new repayment schedule. The primary goal for many is to secure a lower interest rate, which can be achieved if your credit score has improved since you first took out the loans.