Managing multiple student loans can feel overwhelming. Explore consolidation options that may help simplify your repayment by combining eligible loans into one payment.
See how multiple eligible balances may be simplified.
Consolidation may help simplify the way you manage eligible student loans. The right option depends on your individual loans and financial situation.
Managing one payment instead of several may make your monthly finances easier to organize.
Bringing eligible loans together may reduce the number of due dates and accounts you need to track.
Compare available solutions and learn which repayment approach may fit your situation.
Exploring student loan consolidation can start with understanding your current loans and available options.
Gather information about your current student loans, balances, and repayment terms.
Review available consolidation or refinancing options based on your situation.
Consider repayment terms, interest rates, fees, and potential benefits before making a decision.
If you find an option that works for you, complete the provider's application process.
These terms are sometimes used together, but they can refer to different financial approaches.
| Feature | Consolidation | Refinancing |
|---|---|---|
| Combine Multiple Loans | Often | Often |
| May Create a New Loan | Depends on program | Yes |
| Interest Rate Changes | Depends on program | Depends on eligibility |
| Private Lender Option | Depends on product | Common |
Consolidation and refinancing can have important differences. Review all terms carefully before changing existing student loans, particularly when federal loan benefits may be affected.
Here are answers to some common questions about managing multiple student loans.
Explore available student loan options and learn more about potential ways to simplify your repayment strategy.
Explore My OptionsTerms, eligibility requirements, and available options may vary by provider.