Student Loan Hero and Credible Compile a Review of the Best Banks and Companies to Refinance Your Student Loan
Are you searching for the best banks and companies to refinance your student loans? If so, Student Loan Hero and Credible have compiled a review for you. If you are overwhelmed with student loan debt or just looking for a way to save money on your loan repayment, student loan consolidation and refinancing could be the solution you’ve been looking for.
Via Credible.com: Many lenders or student loan consolidation companies now offer ways to consolidate both federal and private loans into a single loan. Often borrowers, who are now graduates with better credit and a higher income than when they initially took out loans, can qualify for significantly lower interest rates and better terms with a consolidation loan. This is great for borrowers, but what’s the catch? When including federal loans in student loan consolidation, borrowers may sacrifice benefits that come with federal loans, such as loan forgiveness programs and income-based repayment options.
About Student Loan Hero: Student Loan Hero is an unbiased solution to organize, manage, and repay your student loans. “We understand that every student loan borrower is in a different situation and no “one-size-fits-all” solution exists. Our goal is to help student loan borrowers understand their student loans and make intelligent repayment decisions.”
About Credible.com: Credible’s founding principle is to provide borrowers the level of transparency they deserve. As a multi-lender marketplace that allows borrowers to receive competitive loan offers from its vetted lenders, Credible empowers consumers to take control of their student loans. Borrowers can fill out one form, then receive and compare personalized offers from numerous lenders and choose which best serves their individual needs. Credible is fiercely independent, committed to delivering fair and unbiased solutions in student lending.