The new concept of student loan consolidation has seen a growing number of private institutions providing consolidation and refinancing of student loans. Today, many students are considering loan consolidation to enable them to manage their finances better. The students are in constant search of the best student loan consolidation companies. If you are one of the students looking to consolidate loans for better management, here are some of the best student loan consolidation companies to choose:

Examples

SoFi Inc.

SoFi appears on top of the list of the best private consolidation and refinancing companies providing a variety of loansservices to its customers. It offers APR rates of between 2.13 and 3.50 percent. In has varied loan types including variable rate loans and fixed rate loans.

It provides several refinancing terms ranging from five years, ten years, fifteen years, to twenty years. The company has a simple online application platform that enables applicants to know whether they qualify for loan consolidation and refinancing before completing the full submission. Those who can request for student loan consolidation and refinancing at this company are students undertaking undergraduate and graduate programs.

Citizens Bank

Second in the list is the Citizens Bank, which provides between 2.18 and 4.74 APR rates to students. It gives both fixed and variable loan types with terms ranging from five years, ten years, fifteen years, to twenty years. Eligible degrees include graduate and undergraduate. Citizen bank provides one of the best and friendly customer supports in the market with their …