Rewatch
LESSON 2
Refinancing vs. consolidating
Recap
Refinancing is when you replace one or more student loans with one new loan.
Consolidation is when you group multiple federal student loans into one new federal loan with one monthly payment.
Refinancing or consolidating can be key strategies to managing student loan debt.
Up next
LESSON 3
Making extra payments each month
Learn how making multiple payments can impact your balance and how to budget for it.
LESSON 4
Explore federal repayment and forgiveness
Find out more about these beneficial options available to borrowers with federal loans.
LESSON 5
Take advantage of student loan tax deductions
See if you’re eligible for a student loan tax deduction and what steps to take next.
View all lessons
Lessons
LESSON 1
Make more than the minimum payment
Learn how a well-crafted budget can help you make more than the minimum payment.
LESSON 2
Refinancing vs. consolidating
Differentiate between the two and decide if either strategy makes sense for your situation.
LESSON 3
Making extra payments each month
Learn how making multiple payments can impact your balance and how to budget for it.
LESSON 4
Explore federal repayment and forgiveness
Find out more about these beneficial options available to borrowers with federal loans.
LESSON 5
Take advantage of student loan tax deductions
See if you’re eligible for a student loan tax deduction and what steps to take next.
