5 Smart Ways To Pay Off Student Loans Foster

Make Lemonade compares the merits of student loan consolidation and student loan refinance. If your goal is to lower your interest rate and pay off your student loans faster, then Make Lemonade says that student loan refinance is an attractive option. If you want to have access to income-driven repayment plans, deferral and forbearance, then student loan consolidation could make more sense. However, your student loan interest rate does not decrease with student loan consolidation with the federal government.