can you refinance private student loans to federal

Best answer


No, you cannot

People also ask


  • 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.

  • Can private student loans be turned into federal loans?

  • Unfortunately, there isn鈥檛 a simple procedure or mechanism to turn private loans into federal loans. Borrowers that wish to turn their private debt into federal debt will have to get creative. Why would a borrower want to turn private student loans into federal loans?

  • 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.

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