datingdouble com - Consolidating federal student loan rates

Wells Fargo is one of the largest banks in the United States.

That’s what our Student Loan Smarts series is all about—helping you understand all of your options so you can make decisions that fit with your financial goals. Choosing to consolidate or refinance student loans.

But what is consolidation, what is refinancing, and how do you know which one (if either) is right for you? Here’s a simple overview of the different types of student loan consolidation, how they differ from student loan refinancing, and how to evaluate whether you should do one of these things.

You may not be able to change the fact that you have student loans, but you can make smart decisions about them.

And that’s what ultimately gives you power over your debt.

Student loans have a way of making you feel powerless.

But the truth is, you have more control than you think.Based in San Francisco, Earnest offers merit-based student-loan consolidation to financially responsible individuals.Customers can request a free interest rate estimate in 2 minutes, without affecting their credit score.This option doesn’t save you any money, but there are still a few potential benefits: 1.Fewer bills and payments to keep track of each month. The ability to switch out older, variable rate federal loans for one fixed rate loan, which could protect you from having to pay higher rates in the future if interest rates go up.Read the other posts in the series here—and get all the info you need to make intelligent decisions about your student loans.

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