Interest rates for consolidating student loans


24-Jul-2017 10:26

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Deferment or forbearance are always options for short-term relief from payment difficulties.

There are also a few refinancing options you may consider.

Are you tired of making multiple student loan payments each and every month?

At Lending Tree, we understand it can be difficult and time-consuming to keep track of all your different student loan payments.

This is done through a private lender such as a bank or credit union.

Unlike federal loan consolidation, private student loans often come with a variable interest rate when consolidated.

The loan term will be 30 years, which is likely to reduce your monthly payment amount by stretching out the loan term.

interest rates for consolidating student loans-11

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interest rates for consolidating student loans-30

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Get Started Now If you have multiple student loans from the federal government, then it’s likely you make multiple payments to various lenders.

If you can get a better deal on your interest rate, then consolidating student loans will likely save you money over the life of the loan.