can you refinance private student loans to federal

Best answer


You can鈥檛transfer private student loans to the federal government to access these options. But if you want features like them,you may be able to refinance your loans with a private lender that offers flexible repayment options. MORE: Best student loan refinance companies.

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  • Can you refinance student loans through the government?

  • You can鈥檛 refinance student loans through the federal government. You can consolidate federal student loans, but federal consolidation won鈥檛 lower your interest rate or save you money. When you refinance loans, a private lender pays off your existing loans and issues you a new private loan with new terms.

  • What are the benefits of refinancing private student loans?

  • 1 Save money#N#The best reason to refinance private student loans is to save money. Lowering your interest rate can… 2 Change repayment terms#N#Refinancing private student loans may be right for you if you want to change the way you repay… 3 Choose a different lender More …

  • Can You consolidate federal student loans?

  • You can consolidate federal student loans, but federal consolidation won鈥檛 lower your interest rate or save you money. When you refinance loans, a private lender pays off your existing loans and issues you a new private loan with new terms. Once you refinance government loans, you can鈥檛 return them to the federal student loan program.

  • Can I refinance my federal loans into private loans?

  • Refinance private loans into more manageable terms 鈥?Refinancing federal loans into a private loan would be a mistake, but refinancing private loans into better private loans can help. There are many lenders to choose from and the strategy to find the best rate is fairly simple.

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