Each lender has its own specific underwriting criteria, so you may have a higher chance of approval at certain lenders.Read the detail lender reviews for more information regarding lender approval.Today, there are a number of new private consolidation companies looking to help borrowers improve their financial health.
With an average balance of ,000, student debt is a big part of the average college graduate's life.So Fi was founded by a group of Stanford business students who wanted to help their peers escape from student debt with lower interest rates.The program launched at Stanford in 2011 and has quickly grown.It is free to apply and the process usually takes about 15 minutes. You may now have a general idea of how to refinance student loans and how to consolidate student loans, as well as the basics of what each lender offers, but there is much more information you should know before choosing a lender.There are many different benefits and drawbacks of what each student loan consolidation and refinancing lender offers, and it is important to be aware of all of them.