Am I eligible to refinance my student loans?

Locate Your Student Loans

You’ve decided you want to refinance your student loans. Smart move! This process will probably save you money and simplify your life. Now you just need to gather up the information for your existing student loans. How many lenders have you borrowed from? Have any of your loans been sold? Who’s servicing which loans? What are those account numbers?

Go ahead and look through your files. We’ll wait.

Did you find all of your information? Not sure?

Here Are Four Tips on How to Locate Your Student Loans

  1. Check the National Student Loan Data System (NSLDS)

    This is a database maintained by the federal government. The NSLDS only contains information on federal student aid (i.e., you won’t find information about any private loans here). Along with finding the balances on your federal loans, you can also find the name and contact information for the companies that service these loans.

     

    Even if all of your loans are federal student loans, different loan servicers will need to be contacted separately.

     

  2. Use Your Free Credit Report

    U.S. consumers are entitled to one free credit report every 12 months from each of the three major credit reporting companies─Experian, Equifax, and TransUnion. Any student loan you are responsible for will show up here, along with the name of the lender. This is a great place to start because all of your private student loans will be listed in one place. There is an official website for requesting these free reports: AnnualCreditReport.com.

     

  3. Your Monthly Loan Statements

    Your monthly loan statements will have balance and contact information. If you receive your statements electronically, consider creating an email folder to keep them organized. If you receive them via snail mail, store them all in one place. When it comes time to refinance, you’ll be glad you have the information handy.

     

  4. Your College or University

    Some of your funds may have been lent to you by your college or university. Contact the Financial Aid Office at the college or university where you borrowed the money.

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Student loan consolidation or refinancing has several key benefits. You might be able to cut your payments & get a better rate. See if it's right for you.

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Wondering what the first steps are in consolidating or refinancing your student loans? Check out these step-by-step instructions on how to get started.

Basics of Student Loan Refinancing

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Deciding if you should consolidate or refinance your student loans can get pretty confusing. Learn more about the benefits and drawbacks of refinancing.

5 Common Myths About Student Loan Refinancing

5 Common Myths About Student Loan Refinancing

When it comes to refinancing student loans, what's true, and what's not? We're clearing it up with five common myths and the facts behind them.

Should You Find a Student Loan Cosigner or Go It Alone

Student Loan Refinancing: Cosigner or No Cosigner?

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Private Student Loan Refinancing Interest Rates

Private Student Loan Refinancing Interest Rates

The interest rate on a private refinance loan is determined by the borrower's or cosigner's credit rating. See the impact of different rates on payments.

Get the answers to your questions about private student loan refinancing. Learn more about the benefits, which loans are eligible and how long it takes.

Federal Student Loan Consolidation

Federal Student Loan Consolidation

Learn about the benefits of federal student loan consolidation, what loans can be consolidated & how it can help you manage existing student loan debt.

Federal Student Loan Consolidation Interest Rates

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When you consolidate your federal student loans, your interest rate will be roughly the same as your current loans. See an example of the rate calculation.

How do I combine multiple federal loans into one loan? How long does it take to consolidate student loans? Get the answers to these questions and more.

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Am I eligible to refinance my student loans?