Do you know the difference between refinancing and consolidating?

If you have loans you’ve probably heard of refinancing and consolidating. Both are ways you can improve your situation by modifying your existing debt. BUT even though they’re sometimes used interchangeably they don’t accomplish the same things. Recent changes to federal student loans and rising interest rates mean the difference is more important than ever to understand.

Watch a short video that explains what you need to know right here.

If you’d rather read the short article, here you go.