Re consolidating already consolidated student loan

You’ll save money if your new loan has a lower interest rate.

Your financial history — including your credit score, income, job history and educational background — will dictate your new interest rate when you refinance.

The tool shows you how much you’d pay per month on the various plans.

If you choose an income-driven plan, you’ll be asked to provide income information on the application by granting access to your IRS tax information.

As part of the process, you’ll need to provide details about your existing federal student loans, and choose a federal loan servicer and repayment plan for your new consolidation loan.I looked into consolidation loans a few months back, but it seems like if you've already consolidated once then you're done.Is there any way to refinance these loans to get a better interest rate and maybe shorten the term? I would assume you can prepay so shortening the term is probably no issue. We believe everyone should be able to make financial decisions with confidence. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. We're on your side, even if it means we don't make a cent.Private consolidation is often referred to as refinancing.

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