Start Consolidating loans with salli mae

Consolidating loans with salli mae

Learn more"Term" refers to the length of the loan, typically in years.

Fixed-rate loans often have higher rates than the introductory rates on variable loans.

However, borrowers have peace of mind knowing their monthly payments will always be the same amount.

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Longer terms will typically result in lower monthly payments but at a higher interest rate.

Borrowers may select any term offered by a lender regardless of the current loan term.

Some lenders will permit the refinancing of those Parent PLUS loans from the parent's name into the name of the child/graduate.

Indicates whether or not the lender allows loans that were previously in default, but have now been rehabilitated, to be refinanced.

The average amount borrowers have saved by refinancing with this lender.