Consolidating private student loans with sallie mae

See each lender's website with more details on how this figure is calculated.If a borrower loses their job through no fault of their own, they may be eligible to receive unemployment benefits with some lenders.Borrowers typically have the option to make interest-only payments during this period in order to prevent accruing interest from increasing their balance.Many parents take out "Parent PLUS" loans to pay for their children to attend college.Often, the introductory rate on a variable-rate loan is lower than that of a fixed rate loan, though it has the potential to increase later.Learn more A fixed-rate student loan guarantees a single interest rate that does not change over the lifetime of the loan.Some lenders will permit the refinancing of those Parent PLUS loans from the parent's name into the name of the child/graduate.Indicates whether or not the lender allows loans that were previously in default, but have now been rehabilitated, to be refinanced.

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Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life.

Loans currently in default are generally not eligible for refinancing.

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