Consolidating student loans already consolidated
Federal student loan consolidation basics How to consolidate federal student loans Benefits of federal consolidation Drawbacks of federal consolidation Private student loan consolidation (student loan refinancing) When you consolidate federal loans, the government pays them off and replaces them with a direct consolidation loan.
The parent Plus loans were granted based on my income and that of my now-ex-husband, though the loans are in my name only.
I would love to find out that you can refinance student loans at a much lower rate, but I do not know what financial institution does this.
Are there any options out there for me to help reduce the monthly payment amount?
Both federal and private lenders recognize that lower monthly payments help may be the best option, if you don’t get the job you want immediately after graduating from colleges.
Find out more about the choices debt consolidation offers.
You can’t consolidate private loans in the federal Direct Consolidation Loan program, but some private lenders allow you to consolidate federal and private loans together.