Some lenders will permit the refinancing of those Parent PLUS loans from the parent's name into the name of the child/graduate.Indicates whether or not the lender allows loans that were previously in default, but have now been rehabilitated, to be refinanced.Disclosure: Student Loan Hero is a free website to help student loan borrowers.
The average amount borrowers have saved by refinancing with this lender.
Unless indicated otherwise, values shown are over the lifetime of the loan.
Borrowers typically have the option to make interest-only payments during this period in order to prevent accruing interest from increasing their balance.
Many parents take out "Parent PLUS" loans to pay for their children to attend college.
With student loan consolidation, you may be able to refinance at a lower interest rate, decrease your monthly payment, or both!