Brazos Brazos offers student loan refinancing to Texas residents. Should I refinance my student loans with fixed or variable interest rates? How do I consolidate or refinance my student loans? How much can I save by refinancing my student loans?
However, because refinancing takes place with a private lender and not the federal government, you can a consolidated loan, as long as you refinance the entire amount.
Remember, since you’re refinancing a federal loan with a private lender, you will lose any federal borrower benefits that came with your loan, such as access to income-driven repayment, deferment, or forbearance, which are not always available from private lenders.
So if you feel like your interest rate is too high, refinancing could help.
This process will also combine all the loans you refinance into one convenient payment.
We recommend the lenders above because we thoroughly evaluated them. Can I consolidate private and federal loans together? You can also extend the term of your loan, at the same interest rate.