At Lend EDU, we help borrowers compare the top student loan companies in one place.
We put together this guide to help you get information on all of the top student loan refinance lenders without having to jump around multiple websites.
We hope after you are done you can make the best choice to refinance your student debt with. Today, there are a number of new private consolidation companies looking to help borrowers improve their financial health.
Our favorite, So Fi, aka Social Finance, has quickly positioned itself as the top student debt refinance lender on the market.
You will find all of the necessary information below.Before you start an application, you should know that most lenders require a minimum FICO credit score of 660, 40% maximum monthly debt-to-income, and ,000 in yearly gross income.
If the requirements above sound good, we think that you are a great applicant for student loan refinancing and consolidation.
If you submitted your application online, your consolidation servicer’s contact information was provided at the end of the online process.
You may be contacted by private companies that offer to help you apply for a Direct Consolidation Loan, for a fee. There’s no need to pay anyone for assistance in getting a Direct Consolidation Loan. The fixed rate is the weighted average of the interest rates on the loans being consolidated, rounded up to the nearest one-eighth of one percent.
7 out of 10 graduates are now graduating with some form of student loan debt.
With an average balance of ,400, student debt is a big part of the average college graduate's life.
You’ll select a repayment plan when you apply for a Direct Consolidation Loan. Top You apply for a Direct Consolidation Loan through Student After you submit your application electronically at Student or by mailing a paper application, the consolidation servicer you selected will complete the actions required to consolidate your eligible loans.
You can complete and submit the application online, or you can download and print a paper application from Student for submission by U. The consolidation servicer will be your point of contact for any questions you may have related to your consolidation application.
From there, you can either complete and submit the feedback form or select “Additional Information” and contact the Student Loan Support Center at the phone number provided.