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Student loan refinance after consolidating
It is quite common for people with student loans to deal with 10-12 lending institutions, which means 10-12 payments and 10-12 due dates each month.When you consolidate student loans – either federal or private – it’s one payment to one lender, once-a-month. Loan consolidation for student loans was created to make it easier for millions of borrowers to pay off their debt.
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There is an important distinction between just “consolidating” a loan and “refinancing” it.
Lend Key does a lot of the same things, only it uses a network of community banks and credit unions to fund the consolidation loan.
Like So Fi, the application process for Lend Key is completely online and takes around 10 minutes with a response time of about three minutes.
Most of its clientele are graduate students and those with law school or medical degrees.
The average approved borrower has an income over 0,000.