Consolidating private student loans with federal student loans

12-Sep-2015 00:14

The benefits of refinancing your private student loans are typically two-fold.Three of them are Federal student loans and two of them are private. Here is what you need to know about consolidating and refinancing your Federal and private student loans together.Consolidating multiple loans into one single loan can really help borrowers who prefer to have a simple, single payment for their student loans.

You are eligible for any “Direct” repayment plan – and you can setup a timeline from 10 to 30 years to pay back the loan.This is one of the best ways to lower your current payment on your Federal student loans.

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