Home Student Loans How To Consolidate Private Student Loans?

How To Consolidate Private Student Loans?

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You may want to refinance or consolidate private student loans because you can manage your payments, save money, and open additional options for reimbursement. The best companies which consolidate student loans in 2019 are;

1- Earnest,

2- Discover,

3- SoFi,

4- Laurel Road,

5- Education Loan Finance,

6- Splash Financial.

Earnest;

Founded in 2013, the company has funded more than 4.5 billion student loans so that 50000 borrowers can refinance. Variable and fixed interest rates are available in loans. There are maturity options ranging from 5 to 15 years. There are deferment or forbearance options and there is no application fee. You may be eligible for 65% of your income. You can consolidate private student loans for undergrad, refinancing, MBA, graduate, dental, health care, law, international credit types.

Discover;

Discover consolidates many private student loans by providing online services only. Variable and fixed interest rates are available in loans. There are maturity options ranging from 15 to 20 years. Makes a discount on direct debit and gives cash prizes for an average of at least 3.0. There is no application, late or origination fee. You can consolidate private student loans for undergrad, MBA, graduate, dental, law, international, health care, refinancing credit types.

SoFi;

The company, which has been providing student loans since 2011, has provided more than $ 18 billion of student loan consolidated services to more than 250000 people. You can consolidate private student loans with undergraduate, MBA, graduate, medical, law, dental, parent refinancing, parent, refinancing credit types. Variable and fixed interest rates are available in loans. There are maturity options ranging from 5 to 20 years. There is no application fee. Deferment or forbearance hardship options are available.

Laurel Road;

Since 2013, the company has been providing online loans for refinancing and student loans. Variable and fixed interest rates are available in loans. There are maturity options ranging from 5 to 20 years. There is no application fee. There is the option to leave up to 12-month forbearance for qualified hardships such as involuntary job loss or unpaid maternity leave. You can consolidate private student loans with graduate, fellows, residents, refinance, parent loan types. In case of a spouse, he / she can apply to take responsibility after paying for 36 months.

Splash Financial;

A lender serving in 50 states and providing support for student loan financing. The amount of credit you can get is between 75000 and 300000. No origination or application fees. There is no discount option but there are deferment or forbearance hardship options. If there is a spouse, it is released after 12 months of payment. Refinancing is available for private, federal and parent PLUS loans, including undergraduate, MBA, graduate, dental, medical loans and law. You can consolidate private student loans here. Variable and fixed interest rates are available in loans. There are maturity options ranging from 5 to 15 years.

Education Loan Finance;

Having more than 30 years of experience in student loans, the company began refinancing student loans as of 2015. Variable and fixed interest rates are available in loans. There are maturity options ranging from 5 to 20 years. There are deferment or forbearance hardship options. No application or origination fees but no discount. You can get a loan of $ 15000 and over.

You can consolide private student loans

To do this, you must first list your loans and determine which ones you want to take out to pay. You can get an offer by contacting a lender after you have an idea of ​​the estimated loan amount, maturity, or interest rate. Consolidate private student loans means that you will receive a new loan to cover your existing debts. In this way, you can save money by lowering your monthly payment amount or interest rate. When consolidating special student loans, credit conditions are determined based on many factors, including your debt amount, income, loan and employment.

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