The two primary student loan lenders are either federal or private. The U.S. Department of Education provides federal student loans, while private financial institutions give private student loans. These two types have variations in interest rates, eligibility criteria, loan modification options, and forgiveness programs. While Federal loans offer more flexibility in terms of repayment and … Read more
Student loan refinance exchanges your existing college loans for a new loan with a lower interest rate. The idea is to repay your loan faster. You can refinance your student loan, either federal or private, through a private lender, such as a bank, credit union, or online lender. Refinancing your loans will combine them into … Read more
If you want to repay your federal student loans effectively, you must understand what loan consolidation entails and the rates at which your loan will be charged. Many people with student loans often have multiple types of loans, resulting in multiple payments and due dates each month. When you consolidate your student loans, you join … Read more