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Edvisors (“Edvisors Network, Inc.”) provides independent advertising-supported platforms for consumers to search compare and apply for private student loans. Loan offers from participating lenders that appear on our websites are not affiliated with any college and/or universities, and there are no colleges and/or universities which endorse Edvisors’ products or services. Lender search results do not constitute an official college preferred lender list. Edvisors receives compensation from lenders that appear on this site. This compensation may impact the placement of where lenders appear on this site, for example, the order in which the lenders appear when included in a list. Not all lenders participate in our sites and lenders that do participate may not offer loans to every school.

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Page 17 of 21
Will I Be Charged Fees to Refinance my Student Loans
Answered by Elaine Rubin on 04/21/2022
Many lenders do not charge fees to refinance private student loans. Some lenders roll the fees into the interest rate. We recommend you ask any potential lenders to explain any fees they may charge. There are no fees to consolidate with a Direct Consolidation Loan. Read Entire Answer
Is There a Credit Check Required for a Direct Consolidation Loan
Answered by Elaine Rubin on 04/21/2022
No. Eligibility for federal student loan consolidation does not depend on the borrower's credit history or credit scores. However, if your federal student loans are in default, you may encounter a few issues. The U.S. Department of Education will let you know what additional steps you need to take in order to qualify. Read Entire Answer
Am I Eligible to Refinance or Consolidate my Student Loans
Answered by Elaine Rubin on 04/21/2022
Student loan refinancing and student loan consolidation are different methods of debt restructuring, and have different eligibility criteria. Private student loan refinance requires approval from a private student loan lender. Read Entire Answer
Can I Refinance my Student Loans After Consolidation
Answered by Elaine Rubin on 04/21/2022
In most cases, yes you can refinance your student loans after consolidation. If you previously refinanced your student loans through a private lender, you can refinance again with or without including any eligible new loans. It is advisable to go through the entire process again, from comparing lenders, to choosing a lender and applying. This will help ensure you get the interest rate and terms that are right for you. Read Entire Answer
When Can I Consolidate my Student Loans
Answered by Elaine Rubin on 04/21/2022
You can consolidate your federal student loans into a Direct Consolidation Loan once they are in the grace period, or have entered repayment. If you choose to consolidate during your grace period, your loan will enter repayment upon consolidation (meaning you may lose some of your grace period time). Read Entire Answer
Can I Consolidate my Loans with my Parent Loans
Answered by Elaine Rubin on 04/21/2022
No. Students may not include their parent’s Parent PLUS Loans in their Direct Consolidation Loan. However, if you are looking for options to transfer your parent's PLUS Loans to your name, this can be accomplished through a private student loan refinance. Read Entire Answer
How Do I Transfer a PLUS Loan to a Child
Answered by Elaine Rubin on 04/21/2022
If you want your child to take over responsibility of repaying a Parent PLUS loan, your child has the option to refinance the loan into his or her name. Your child will need to meet the eligibility criteria of a student loan refinance lender. If your child is unable to meet the credit criteria of the lender, he or she will have the option to add a creditworthy cosigner. Read Entire Answer
Can I Consolidate Student Loans with my Spouse
Answered by Elaine Rubin on 04/21/2022
You will not be able to consolidate your federal student loans with your spouse through the federal consolidation program (they ended the spousal consolidation option several years ago). However, some private lenders do allow spouses to combine their student loans when they refinance. Check with your lender to see if this option is available to you. Read Entire Answer
What Types of Student Loans Can I Refinance
Answered by Elaine Rubin on 04/21/2022
Most private student loans and federal student loans are eligible for refinancing, including loans taken out for undergraduate and graduate studies. Some private lenders may determine loan eligibility based on the college attended, degree level, or field of study. Read Entire Answer
What Student Loans Can be Consolidated
Answered by Elaine Rubin on 04/21/2022
When we refer to consolidation, we are talking about the federal student loan consolidation program. This program is only available for federal student loans. Private student loans may not be included. Read Entire Answer
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Edvisors provides expert advice on planning and paying for college. On Edvisors.com easily compare student loan lenders, learn how to apply for financial aid, and discover scholarships. Learn about federal and private student loans for students and parents, how and when to apply to college, and more!

Edvisors (“Edvisors Network, Inc.”) provides independent advertising-supported platforms for consumers to search compare and apply for private student loans. Loan offers from participating lenders that appear on our websites are not affiliated with any college and/or universities, and there are no colleges and/or universities which endorse Edvisors’ products or services. Lender search results do not constitute an official college preferred lender list. Edvisors receives compensation from lenders that appear on this site. This compensation may impact the placement of where lenders appear on this site, for example, the order in which the lenders appear when included in a list. Not all lenders participate in our sites and lenders that do participate may not offer loans to every school.

Edvisors is not a lender and makes no representations or warranties about your eligibility for a particular loan or financial aid. Lenders are solely responsible for any and all credit decisions, loan approval and rates, terms and other costs of the loan offered and may vary based upon the lender you select. Please check with your school or lender directly for information related to your personal eligibility.

Edvisors has endeavored to provide accurate information. However, the results provided by lenders are for illustrative purposes only and accuracy is not guaranteed, as such, Edvisors assumes no responsibility for errors or omission in the information provided.

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