Consolidating federal and private student loans


17-Feb-2017 17:07

Deferment or forbearance are always options for short-term relief from payment difficulties.

There are also a few refinancing options you may consider.

If this is something you’re interested in, Lending Tree can connect you with a lender to refinance your student loans.When we’re talking about a Direct Consolidation Loan, the answer is no.However, there are some options for refinancing or consolidating your federal and private student loans.There are five main options for student loan debt relief.

consolidating federal and private student loans-58

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These options include loan consolidation through a private lender or the federal student loan consolidation program, student loan refinancing through private lenders, deferment or forbearance of loans for financial hardship, and loans that are forgiven, canceled, or discharged.

If you can get a better deal on your interest rate, then consolidating student loans will likely save you money over the life of the loan.