121 Financial Credit Union Blog Student Loan Consolidation vs Refinancing: Which One Is Right For You?

Student loans can be a significant financial burden for many individuals, and finding the most effective way to manage and repay them is crucial. Two common options for addressing this type of debt that you may compare are student loan consolidation vs refinancing. While these terms are often used interchangeably, understanding their differences is essential in making an informed decision. Let's explore student loan consolidation and refinancing, their fundamental differences, and their pros and cons.