With student loan consolidation, you may be able to refinance at a lower interest rate, decrease your monthly payment, or both!
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Longer terms will typically result in lower monthly payments but at a higher interest rate.
Borrowers may select any term offered by a lender regardless of the current loan term.
Learn more The average amount borrowers have saved by refinancing with this lender.
Unless indicated otherwise, values shown are over the lifetime of the loan.
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We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions.
Learn more"Term" refers to the length of the loan, typically in years.
In general, the shorter the term, the lower the interest rate and the higher the monthly payments.
Borrowers typically have the option to make interest-only payments during this period in order to prevent accruing interest from increasing their balance.