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See each lender's website with more details on how this figure is calculated.

If a borrower loses their job through no fault of their own, they may be eligible to receive unemployment benefits with some lenders.

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Fixed-rate loans often have higher rates than the introductory rates on variable loans.

However, borrowers have peace of mind knowing their monthly payments will always be the same amount.

This report was not chartered by or created on behalf of any lender listed below.

Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life.

We sometimes earn a sales commission or advertising fee when recommending various products and services to you.

Similar to when you are being sold any product or service, be sure to read the fine print understand what you are buying, and consult a licensed professional if you have any concerns.Learn more The average amount borrowers have saved by refinancing with this lender.Unless indicated otherwise, values shown are over the lifetime of the loan.Finding the right bank to refinance or consolidate your student loans is confusing.Fortunately, we’ve highlighted the six best banks and lenders to help you refinance and consolidate both private and federal student loans, based on your financial situation.Student Loan Hero is not a lender or investment advisor.

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