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If you meet these requirements, you might be an excellent candidate for student loan refinancing and consolidation!
If you don’t think you meet the requirements, don’t worry – as you can apply with a cosigner to increase your chances of getting approved for a better student loan.
See each lender's website with more details on how this figure is calculated.
Unpaid interest will continue to accrue and will be capitalized (added) onto the borrower's principal balance.Student Loan Hero is not a lender or investment advisor.We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions.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.Learn more"Term" refers to the length of the loan, typically in years.In general, the shorter the term, the lower the interest rate and the higher the monthly payments.The average amount borrowers have saved by refinancing with this lender.Unless indicated otherwise, values shown are over the lifetime of the loan.Learn more A "soft" credit check allows a lender to check the applicant's credit and provide the applicant with an estimated interest rate without affecting their credit score.This is unlike a "hard" credit check, which may impact an applicant's credit.