Get cash back for consolidating your student loans

14-Dec-2019 21:19

Based on your creditworthiness, lenders may offer you a reduced interest rate on your consolidated private loans. Having a single monthly payment also makes it easier to keep track of your payments.

Private student loans often come with a variable interest rate, meaning your monthly payment amount can change.

The interest rate on your federal consolidated student loan is fixed.

Like a fixed rate mortgage, this means your interest rate stays the same, keeping your monthly payment amount consistent.

Simply enter in a few pieces of information and we will provide you with your interest rate options, without affecting your credit.: These examples above assume a ,000 loan, standard repayment of a loan with a borrower and a co-signer, the borrower is not currently enrolled in school, a 0.25 percentage point interest rate reduction for automating payments from an eligible Bank account (automated payments can be set-up using Kwik Pay through First Mark Services, our trusted servicing partner, at and 0.25 percentage point interest rate reduction towards loyalty discount if borrower or the co-signer (if applicable) has a qualifying account in existence with us at the time you and your co-signer (if applicable) have submitted a completed application authorizing us to review your credit request for an Education Refinance Loan.

The variable interest rate example assumes the rate of 1-Month LIBOR plus a margin based on a FICO score, which will fluctuate over the term of your loan with changes in the LIBOR rate.

This is done through a private lender such as a bank or credit union.

Get Started Now If you have multiple student loans from the federal government, then it’s likely you make multiple payments to various lenders.

Are you tired of making multiple student loan payments each and every month?

At Lending Tree, we understand it can be difficult and time-consuming to keep track of all your different student loan payments.

Deferment or forbearance are always options for short-term relief from payment difficulties.

There are also a few refinancing options you may consider.

Get Started Now If you have multiple student loans from the federal government, then it’s likely you make multiple payments to various lenders.

Are you tired of making multiple student loan payments each and every month?

At Lending Tree, we understand it can be difficult and time-consuming to keep track of all your different student loan payments.

Deferment or forbearance are always options for short-term relief from payment difficulties.

There are also a few refinancing options you may consider.

This means your monthly payments will fluctuate as interest rates go up or down.