Plain-English definitions for the terms you'll encounter on your financial journey.
Private Student Loan Refinancing — The process of taking out a new private loan to pay off existing student loans, usually to secure a lower interest rate.
A non-federal loan provided by a bank or other private lender to help students pay for their education.
A private company that handles the billing and other administrative tasks for federal or private student loans. They collect payments and help borrowers manage repayment.