Pick the monthly payment that's right for your budget and get a term and rate matched to that amount.Precision Pricing™ unlocks terms that are unavailable at other lenders, saving you far beyond a standard refi. When you refinance student loans, you get credit for the positive changes to your financial profile since you originally took out the loans.
This article contains references to products from one or more of our advertisers.
We may receive compensation when you click on links to those products.
: These examples above assume a $50,000 loan, standard repayment of a loan with a borrower and a co-signer, the borrower is not currently enrolled in school, a 0.25 percentage point interest rate reduction for automating payments from an eligible Bank account (automated payments can be set-up using Kwik Pay through First Mark Services, our trusted servicing partner, at and 0.25 percentage point interest rate reduction towards loyalty discount if borrower or the co-signer (if applicable) has a qualifying account in existence with us at the time you and your co-signer (if applicable) have submitted a completed application authorizing us to review your credit request for an Education Refinance Loan.
The variable interest rate example assumes the rate of 1-Month LIBOR plus a margin based on a FICO score, which will fluctuate over the term of your loan with changes in the LIBOR rate.
Unlike the other loans, consolidation loans have a fixed interest rate for the life of the loan.
Consolidation loans have longer terms than other loans. Although the monthly repayments are lower, the total amount paid over the term of the loan is higher than would be paid with other loans.You should consult with your own financial advisor before making any major financial decisions, including investments or changes to your portfolio, and a qualified legal professional before executing any legal documents or taking any legal action.Harpo Productions, Inc., OWN: Oprah Winfrey Network, Discovery Communications LLC and their affiliated companies and entities are not responsible for any losses, damages or claims that may result from your financial or legal decisions.In the United States, the Federal Direct Student Loan Program (FDLP) includes consolidation loans that allow students to consolidate Stafford Loans, PLUS Loans, and Federal Perkins Loans into one single debt.This results in reduced monthly repayments and a longer term for the loan.So whether you want to pay off your student faster or just reduce your student loan payments, we can help.