Consolidating a private loan with a federal loan
Variable rates can either work for you or against you.
We strongly believe that student loan refinancing is a great opportunity to save money for many people.This is because federal student loans typically have fixed interest rates, which means your rate will remain the same over the life of your loan.Private student loans usually have variable interest rates, which can change depending on economic conditions.There are many types of federal student loans out there — direct, subsidized, unsubsidized, Stafford, you name it — and it’s possible you can save money by consolidating those loans through refinancing.It’s even possible to combine them with any private student loans you have. Can you explain student loan consolidation and refinancing first? Loan consolidation and refinancing are often used as synonyms, but that’s only the case sometimes — so let’s get the record straight once and for all.