Department of education consolidating private loans
The field can be difficult to navigate, so to make sure you're getting the most bang for your buck, we put together a thorough list of the best places to consolidate your student loans. Lend Key is a top-rated student loan company and ranks as our best overall option, particularly for undergraduate student loans.
Lend Key offers low-interest rates and flexible options for repayment, including options to make interest-only payments and an interest rate reduction after reaching a 10 percent principal payoff.
Lend Key operates in all but five states (Maine, North Dakota, Nevada, Rhode Island and West Virginia) for borrowers with a credit score of 680 or above.
You’ll need a minimum ,000 per year income to qualify, but if you run into trouble with money you can tap into up to 18 months of unemployment protection and four years of interest only payments.
Because interest rates are the number one factor in refinancing or consolidating student loans, make sure to check your rate here.
Education Loan Finance offers loans with no application, origination, or prepayment fees or penalties with loans available from ,000. Borrowers get a little bonus through a referral program that rewards you with 0 for each friend you refer.
If you have multiple student loans and have to juggle multiple monthly payments, you can simplify your life by merging the loans into one new loan with one monthly payment.
During unemployment protection, you don’t have to make any payments but interest continues to accrue.Common Bond is a transparency-focused student lender with a community focus.