Best company for consolidating private student loans


16-Jul-2017 14:41

Multiple student loans can be a huge burden, and managing them individually is also extremely complicated.

For individuals with multiple student loans, consolidating those loans can help you in a number of ways; not only does student loan consolidation help with decreasing your overall interest payments, it can also help you to avoid missed payments and the complication of making multiple payments.

Your new loan typically has a lower interest rate, saving you money, or a lower monthly payment, making repayment more manageable.

​We’ve created this guide to help borrowers better understand the emerging student loan refinancing and consolidation industry.

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.

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In America, student debt is the second largest class of consumer debt.Many large financial institutions offer loan consolidations. (CFG), also known as Citizens Bank, rises to the top of the list in numerous surveys as a leading company in providing student loan consolidation services.