Infographic: Is Student Loan Consolidation Right For You?
Combining and refinancing one or more of your student loans into one consolidated loan can lower your payments.
If you have multiple student loans, you may consider consolidating them into a single new loan, which can simplify your monthly payments. For some, refinancing to lower monthly payments with a longer term may increase the amount of interest you'll pay overall, but it might be worthwhile if loan payments become more manageable each month.
Take a look at this infographic to see if consolidation is right for you. If so, Navy Federal is here to help with your Student Loan Consolidation options.
