Also, understand that, by consolidating your loans, you will start your forgiveness clock over.
For example, if you were already on an income-driven repayment plan and consolidate your loans, then you will lose the any credit you had already earned toward forgiveness.
The main way the programs differ is in who made you the loan in the first place.
When you consolidate multiple student loans or refinance a single student loan, you may receive a lower monthly payment with a reduced interest rate or an extended repayment term.
Keep in mind that extending your repayment term may increase the amount of interest you pay over the life of the loan.
Laurel Road Laurel Road, a division of DRB, is a well-established lender that doesn’t shy away from big student loan debt.
They’ve historically worked primarily with graduate students with k in debt!