Does consolidating student loans save money

Disclosure: Student Loan Hero is a free website to help student loan borrowers.We only evaluate lenders and do not issue student loans.However, it’s important to keep in mind that a lower monthly payment means you’ll pay more interest in the long run.If you’re a college student or recent graduate, then you’ve probably thought more about student loans and how to pay them off than you’d like.

When you apply, most banks and lenders will look at your credit score, annual income, savings, and college degree type (or certificate of enrollment if still in school).Now, we would like to present unbiased descriptions of the eleven major student loan consolidation companies.Please note, from here on out, we consider "consolidation" and "refinancing" the same thing.All of these companies have been vetted by The Student Loan Report team for product quality, security, and customer experience. Using student loans to pay for could cost you a whole lot more.If you meet these requirements, you might be an excellent candidate for student loan refinancing and consolidation!

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