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Today, 7 out of 10 graduates are graduating with some form of student loan debt.
Here are Lend EDU's top picks for the best student loan consolidation and refinancing companies: Fixed rates from 3.400% APR to 7.750% APR (with Auto Pay).
Variable rates from 2.630% APR to 7.695% APR (with Auto Pay).
In addition to requiring your explicit permission, these credit pulls may impact your credit score. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors.
Rates and Terms are subject to change at anytime without notice and are subject to state restrictions.
Soft credit inquiries allow So Fi to show you what rates and terms So Fi can offer you up front.Interest rates on variable rate loans are capped at either 8.95% or 9.95% depending on term of loan. Lowest variable rate of 2.630% APR assumes current 1 month LIBOR rate of 1.97% plus 0.91% margin minus 0.25% ACH discount. If approved for a loan, the fixed or variable interest rate offered will depend on your creditworthiness, and the term of the loan and other factors, and will be within the ranges of rates listed above.For the So Fi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly.There are benefits and drawbacks to what each student loan consolidation and refinancing lender offers, and it is important to be aware of all of them.Read on to get the information you need before you decide.With an average balance of ,000, student debt is a big part of the average college graduate's life.At Lend EDU, we help borrowers compare the top student loan companies in one place.In addition to meeting So Fi’s minimum eligibility criteria, applicants must also meet other credit and underwriting requirements to qualify.Today, there are a number of new private consolidation companies looking to help borrowers improve their financial health.Below we've ranked the leading student loan refinancing and consolidation companies.It's free to apply, and the process usually takes about 15 minutes. You might know the basics of refinancing and consolidating student loans, and what each lender offers in general, but you need to know so much more before choosing a lender.