Student loan refinancing vs. consolidation: What’s the difference?
Refinancing versus consolidation depends on the type of loan you have.
Aylea Wilkins is a former editor at Bankrate. She previously edited articles on a range of personal finance topics, including insurance, personal loans, home equity loans and student loans.
Aylea has extensive editorial experience covering personal finance, business and marketing. Her career includes time as a copywriter for small businesses to improve their search engine optimization, freelance writing, website editing for small businesses and even an internship at Walt Disney World. Throughout her career, she has focused on helping readers find greater joy in their lives, often through making smart decisions on the road to financial freedom.
Outside of work, Aylea is extremely passionate about children's literature and literacy. She volunteers with reading organizations, keeps tabs on the latest in children's literature and reviews books on Goodreads and NetGalley. She can often be found planning another Disney vacation or working on the young adult novel she hopes to publish.
Living a joyful, fulfilling life is easier achieved when you make smart financial decisions that support who you want to be.
— Aylea Wilkins
Refinancing versus consolidation depends on the type of loan you have.
As with other debts, student loans can have both good and bad credit impacts.
Here’s how to determine if Revised Pay As You Earn is right for your student loans.
Take steps ensure a seamless transition from one college to another.
This marks the largest student loan discharge made by the Education Department.
Scholarships are available to aspiring filmmakers, comedians and more.
In general, having your student loans transferred shouldn’t affect your repayment.
You’ll have to fill out the FAFSA to see your options.
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