I haven’t met a single person with student loans who doesn’t want them gone as soon as possible.

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Your repayment term will generally start within 60 days of when your consolidation loan is first disbursed and will be based on your total federal student loan balance, among other factors; click on the link below for more details.

[Back to top] Applying for consolidation takes most borrowers less than 30 minutes, according to the Federal Student Aid website.

To find the best plan for you, check out Federal Student Aid’s repayment estimators before you begin the consolidation application.

The tool shows you how much you’d pay per month on the various plans.

To provide more complete comparisons, the site features products from our partners as well as institutions which are not advertising partners.

While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products."Advertiser Disclosure Wednesday, February 1, 2017 The editorial content on this page is not provided by any financial institution and has not been reviewed, approved or otherwise endorsed by any of these entities.

Private consolidation is often referred to as refinancing.

These processes are often confused, but they’re very different.

If you choose an income-driven plan, you’ll be asked to provide income information on the application by granting access to your IRS tax information.

You can opt out, but you’ll have to submit a copy of your most recent federal tax return directly to your loan servicer after you finish the consolidation application.

Your financial history — including your credit score, income, job history and educational background — will dictate your new interest rate when you refinance.