Consolidating your federal student loans
Remember though, that your co-borrower will be responsible for the loan balance if, for whatever reason, you are unable to repay it.Quick application process: College Ave will pull all your existing loan information from your credit report, so you don’t need to find the paperwork on your servicer’s website, making the refinancing application process quicker and easier Flexible repayment terms: With College Ave, borrowers can choose the loan repayment term that works best for them, as long as it’s between five and 15 years.This gives borrowers the option to tailor their loan and choose the term that’s right for their individual financial situation A lender that gives back to the community: Unlike for-profit banks, proceeds from the EDvestin U Loan Programs go right into supporting local New Hampshire public high schools Refinance before you graduate: Edvestin U is one of the few lenders out there that lets borrowers refinance their loans before they have graduated.
Some newer lenders allow you to, for example, choose your exact loan term and monthly payment amount or donate money to a nonprofit.
If you’re planning to pay off your loans over a shorter period of time, you may be better off looking elsewhere MEFA (which stands for the Massachusetts Educational Financing Authority) offers student loan refinancing to borrowers, regardless of where they live or are attending school.
However, you have to be a Massachusetts resident or attend a college in the state, if you want to take out a new loan with MEFA.
Citizens Bank has instead chosen to offer the standard term options available from most refinancing lenders College Ave helps borrowers refinance existing federal or private student loans, or borrow a new private student loan to cover their college costs.
College Ave offers borrowers great interest rates, as well as a variety of terms and repayment options, so each borrower can find the right fit for them.