Consolidating federal student loans interest rates

Refinancing and consolidating student loan debt can be a great way to save money and take advantage of today’s low interest rates.Refinancing can save you money each month through lower payments, and save you money over the life of the loan through lower interest rates.Most of the best places to refinance or consolidate student loan debt will work with borrowers to consolidate or refinance both federal and private loans into one convenient new loan.For borrowers with both types of loans, combining them into one simple loan through consolidation can be a big convenience.Once a borrower makes their selections, they can sign off on the loan and the lender will payoff the existing loans and open a brand new loan for the customer.When trying to make a determination whether or not it makes sense to refinance or consolidate your student loans, it is important to have a clear understanding of what you want to achieve.Lenders will typically make a decision in a matter of minutes.Applicants who are denied on their own can reapply with a cosigner.