Many parents take out "Parent PLUS" loans to pay for their children to attend college.Some lenders will permit the refinancing of those Parent PLUS loans from the parent's name into the name of the child/graduate.
If you consolidate student loans, you have other options.
Finding the right bank to refinance or consolidate your student loans is confusing.
Unless indicated otherwise, values shown are over the lifetime of the loan.
See each lender's website with more details on how this figure is calculated.
In general, the shorter the term, the lower the interest rate and the higher the monthly payments.
Longer terms will typically result in lower monthly payments but at a higher interest rate.Please do your homework and let us know if you have any questions or concerns.Variable-rate student loans have interest rates that can change during the repayment period.When you apply, most banks and lenders will look at your credit score, annual income, savings, and college degree type (or certificate of enrollment if still in school).If you meet these requirements, you might be an excellent candidate for student loan refinancing and consolidation!Learn more A fixed-rate student loan guarantees a single interest rate that does not change over the lifetime of the loan.