Us government consolidating student loans
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.
Unfortunately, our nation’s education system, politicians, and students haven’t figured out a solution.
In short, when you refinance your student loans, your new lender will pay off your old loans and issue you a new one.
Be sure to see what each lender offers before moving forward with one.
Note that average savings amounts may be calculated differently by each lender.
Today, graduates are leaving campus holding a diploma in one hand and an average of ,000 in debt in the other.
In America, student debt is the second largest form of consumer debt.
Both federal and private loans are eligible for refinancing and consolidation through Citizens Bank.
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.
Though Citizens Bank isn't the largest bank in the nation, you may notice that it is one of the only consolidation companies with actual branches!
To identify your current plan with Great Lakes, and to investigate other plans, select tab to estimate your monthly payment under various repayment options.
You may be able to change plans at any time, based on eligiblity requirements.
Note: Depending on your situation, there may be eligibility requirements for certain plans.