Student loan refinancing enables you to combine your existing federal student loans, private student loans or both into a single, new, private student loan with a lower interest rate. Refinance student loans to get a fixed interest rateYou can also refinance your student loans to swap a variable interest rate for a fixed interest rate. If your student loans have variable interest rates, the cost of your student loans likely will rise each time that the Fed raises interest rates. With a 0% APR credit card, you can transfer your existing credit card balance to a new 0% APR credit card. Consolidate credit card with a personal loanIf you have credit card debt, you can use a personal loan to consolidate your credit card debt.

Source: Forbes December 20, 2018 14:36 UTC