Rates for consolidating student loans

So Fi is one of few lenders that handles federal and private student loan consolidation.Plus, as a member, you’ll have access to a whole lot of perks: career strategy services, customer support seven days a week, invites to So Fi events, and more.You can only consolidate federal, not private, student loans through this program.

When even the basic term "consolidation" means different things for different lenders, the process can understandably seem daunting.

But if you're looking to save thousands on student loan interest payments -- as well as time and headaches from managing multiple monthly payments -- then understanding the consolidation process is critical.

A cosigner is someone who shares responsibility with the borrower for repaying the loan.

The cosigner doesn’t have to be a relative; he or she can be any adult who meets the eligibility requirements.

Whom do I contact if I have questions about consolidation?

There is no cap on the interest rate of a Direct Consolidation Loan.

Loan consolidation can also give you access to additional loan repayment plans and forgiveness programs. Refer to the complete list of federal student loans eligible for consolidation in the application.

There is no application fee to consolidate your federal education loans into a Direct Consolidation Loan. Department of Education (ED) or ED’s consolidation loan servicers. Top A Direct Consolidation Loan has a fixed interest rate for the life of the loan.

Discounts reduce the amount of interest you pay over the life of the loan.

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