Make Lemonade

1
Make Lemonade

• Make Lemonade is a free personal finance website
  that helps consumers make smarter financial
  decisions with comparison tools, financial
  content and product reviews.

2
Student Loan Consolidation

• Student loan consolidation comes in two forms
  consolidation of federal loans into a Direct
  Consolidation Loan and private student loan
  consolidation

3
Consolidate Student Loans

• If a student loan borrower wants to consolidate
  student loans with the federal government, it is
  important to recognize that the resulting
  interest rate is not lowered.

4
Private Student Loan Consolidation

• The federal government offers only new student
  loan issuance and does not offer private student
  loan consolidation or student loan refinancing.

5
Refinance Parent Plus Loans

• To refinance Parent PLUS Loans, parents of
  students either college or graduate school
  effectively can refinance their existing Parent
  PLUS Loans into lower cost loans. Parent PLUS
  Loan Refinancing works similar to student loan
  refinancing in which the borrower swaps an
  existing, higher cost loan for a lower cost one.