You may not save money by consolidating your loans, but you may be able to cut down on the number of monthly payments you're making.

While some lenders do charge fees, none of the student loan refinancing lenders we've partnered with charge origination or prepayment penalties.

But that doesn't mean you shouldn't check the fees before you refinance.

If you're exploring refinancing as a way to save money or shorten the term of your loans, you'll need to run the numbers.

Most of the time, refinancing is a smart move if you are able to shorten the repayment horizon of your loan, save money on interest, or both. What is the difference between a fix-rate and variable loan?

Before you choose a company to refinance with, it's important to compare these fees - or the lack thereof - to ensure you're coming out ahead. Do I need a cosigner to refinance my student loans?

While you may not need to find a cosigner to refinance your student loans, there can be benefits for doing so.

When you refinance federal student loans with a private lender, it's important to know you lose out on certain benefits and protections afforded by the federal government.

Lost benefits include options such as Public Service Loan Forgiveness (PSLF), income-driven repayment plans, loan deferment, and forbearance.

This can be especially beneficial for students or graduates who are paying multiple loans at various interest rates and want to refinance all of them into a simple loan with the best terms and interest rate available.