This lets us offer our clients lower, more personalized rates than traditional lenders can.

How it works Pick the monthly payment that’s right for your budget and get a rate and term matched to that amount.

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But the benefit of refinancing is always the same: having more money in your bank account to do the things you dream of.

So whether it’s a big vacation, preparing to send more kids to college, or well-earned retirement—you’re ready.

Maximum Loan Amount: None Interest Rate: Weighted average interest rate on the loans being consolidated, rounded to the nearest one-eighth of 1 percent, not to exceed 8.25 percent.

Currently, the interest rate is fixed for the life of the loan.

These programs allow you to make payments based upon your income, and forgive remaining principle after 20 or 25 years.

(To learn more about these programs, see Federal Student Loan Repayment Plans.) Here are some ways that consolidation can affect your ability to choose a repayment plan that’s best for you: Whether you can benefit from student loan consolidation largely depends on what repayment program you may qualify for, and what kinds of loans you have.It will even stave off an administrative wage garnishment should you consolidate after notice of garnishment but before the garnishment is started.In other words, your consolidation is a “get out of jail free” card that you can use once, and only once.Precision Pricing unlocks terms that are unavailable at other lenders, saving you far beyond a standard refi.Reasons for refinancing Parent PLUS loans range the gamut.If you do opt to consolidate, be wary of companies that want to charge you for assisting you in consolidating.