If you’ve got mountains of debt piling up, it can be all-too-easy to throw your hands in the air and turn a blind eye to burgeoning balances.

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If you took out a loan to pay for college, you are probably paying too much, and could potentially save thousands through refinancing!

Refinancing your student debt is just like your car or home mortgage.

This post is the result of extensive research into the best options and compares the 9 most common online consolidation and refinancing choices.

These companies are all reputable private or federal companies that accept online applications.

After all scholarships and grants have been exhausted, the next option is student loans.

Nowadays, 7 out of 10 college graduates have student debt and the average has over ,000!In fact, they offer a variety of plans to help meet your needs. One of the benefits of the program is that you will NOT incur any prepayment penalty fees and there are absolutely no origination fees.There are two options for rates, which include a fixed interest rate that ranges from 3.375% APR to 6.740% APR.The variable interest rate option ranges from 2.565% APR to 6.490% APR.The repayment term length will vary depending on your needs; however, So Fi offers 5-year to 20-year plans for both the fixed and variable interest rate.So Fi does offer student loan refinance programs and the lender has funded over billion in loans to date, has helped its members save over 0 million, and has a total number of 143,500 members.