If you need to add a loan, you can cancel your existing application and reapply with the additional loan(s).
If you are extending your repayment term, this could result in an increase in your total cost over the life of the loan.
You can choose to consolidate one, some or all of your eligible student loans.
A private consolidation loan is a private student loan that combines and refinances multiple education loans into one new loan with a new interest rate, repayment term and monthly payment amount.
This could result in a lower interest rate and/or a lower monthly payment.
During that time, we complete the credit review process, you (and your cosigner, if applicable) will sign the loan documents and we will ask you to obtain payoff statements from your current loan servicers.
If you prefer, we can schedule a call with you and your current loan servicer(s) to verify the loans you want to consolidate.
Find out if student loan refinancing is right for you.
You will have 30 days, from Approval Disclosure, to accept the loan terms and a three-day right-to-cancel period, following Final Disclosure, before the consolidation is complete.
We recommend you compare your current loan terms against the consolidation loan terms.
For example, you may not want to include loans with a lower interest rate than the consolidation loan.
Once these steps are complete, we will notify you when your loan(s) are consolidated and provide your new minimum monthly payment amount and due date.