Consolidating tuition loans
The "refinancing" aspect is something the government does not really offer.
Refinancing allows you to get a better interest rate on your loans than you did when you first borrowed.
First, what does consolidating student loans really mean?You'll also preserve the robust benefits of federal student loans, such as Income-Based Repayment, that private lenders don't offer.However, you'll need to carefully consider your personal situation in order to make this decision - since the interest rate you'll receive is a weighted average among all your existing loans, rounded to the nearest 1/8 of a 1%, you might actually raise the overall amount you pay in interest.Finally, if you have a solid job and a solid credit score, think about looking into a personal loan at a bank or credit union.
You might not be able to score a deal for the entire amount, but if you can get a fixed-rate personal loan to pay off some of the variable-rate student loan debt, that will offer you more stability.Now, let's get started on how to consolidate your student loans.