Key takeaways You can consolidate federal student loans to get a different servicer; you may get a longer repayment term that decreases your payment but increases total interest. You can refinance your student loans to a private lender and get a lower interest rate and different repayment term. Federal borrowers shouldn’t refinance right now. You…

Cecilia Clark writes for NerdWallet. Email: cclark@nerdwallet.com.

The article How to Transfer Student Loans to Another Lender originally appeared on NerdWallet.

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