Consolidating private student loans advice

Still, you might need to take out private student loans if you can’t cover your college costs with savings, income, grants, scholarships and federal student loans.

Learn more about whether private loans are right for you below.

Various banks and online lenders offer private student loans.

We believe everyone should be able to make financial decisions with confidence. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. We're on your side, even if it means we don't make a cent.

Federal student loans offer borrower protections that private loans may not, such as income-based repayment plans and forgiveness programs.

For rates in effect as of 1/1/2018, click here for updated information.

Rates shown above will be updated with the new one-month LIBOR on 1/2/2018.5.

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And federal student loans have flat interest rates set by Congress, while private student loan interest rates depend on your credit.

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