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The reason we started The Savvy Couple is simple we want to help people get $avvy with their money. After running the website for some time, we have realized we have a great platform to help others, specifically millennials. One of our main goals is to provide our readers access to trustworthy products and services that will extremely helpful to them.
Every day we come across another millennial stuck in tens of thousands of dollars in student loan debt. Some of the interest rates on student loans are as high as some credit cards (12%-15%), making student loan repayment very difficult. This is a real problem and one we have become very passionate about. This is a review of our favorite refinancing tool LendEDU helping millennials demolish their student loans once and for all.
If you have already made the decision to refinance your student loans and are in the research step, we highly recommend you check out LendEDU’s services. If you want to know more about student loan refinancing, keep reading!
Student Loan Repayment Crisis
Currently, there are over $1.4 trillion dollars of student loan debt in America and the problem continues to get worse every year. Tuition, room, board, and fees are increasing at frightening rates. In fact, according to Student Loan Hero, the average Class of 2016 graduate has $37,172 in student loan debt, up six percent from last year.
Overview of LendEDU
One of the first companies that contacted us to form a partnership was LendEDU. We talked about the student loan crisis in America and how they created a tool to help students refinance.
The company was created by Nate Matherson and Matt Lenhard. Two young guys with student loans frustrated with the process of refinancing. When they couldn’t find any tools to help them through the process, they created their own. They founded a lending marketplace company to attack student loans head on.
LendEDU’s business model is simple, make student loan companies compete for your business. This competition enables borrowers to receive significantly better rates on their loans. Oftentimes these rates are much lower than you can receive through federal student loans or large lending companies like Great Lakes, SallieMae, and Navient. Plus, they make the process super simple.
The old fashioned way of finding the best interest rates involved: researching which refinancing companies are trustworthy, filling out lengthy applications, waiting weeks for a response, and praying it all wasn’t a huge waste of your time. Student loan repayment should not be this stressful and aggravating.
Instantly Compare Student Loan Interest Rates for Free
Stop wasting time on research and long applications. LendEdu is your one-stop shop for comparing student loan refinancing rates. Their program will walk you through 10 quick questions. These questions are easy to answer taking less than 3 minutes.
Once you’ve answered the questions, LendEdu allows you to easily compare all your pre-qualified offers from the 12 best-refinancing companies. Completely free.
The entire process only takes around 3 minutes. You can get started here or take a look at the process below:
You start by choosing the type of loan that you are shopping for and enter your email to get started.
Going through the process you will answer 10 easy questions. All of your information is protected and secured throughout the entire process.
LendEdu finishes up by giving you several different offers to review, and you can instantly see your estimated monthly payment, interest rate, term length, and type of loan. From there, you click one of the buttons on the right to lock in your rate and begin the process of putting your student loans in the past.
FAQs About LendEDU
Is LendEdu free?
Does LendEdu impact my credit score?
No. The program uses what’s called a “soft pull” which does not impact your credit score at all. This is HUGE in keeping your credit score where you want it.
Is there some sort of catch once I check my interest rates?
No. LendEdu is just a tool to see what your options are. Browsing their free tool puts you under no obligation to do or buy anything.
Is my information safe with LendEdu?
LendEdu is completely trustworthy and uses a high-level Norton level security. Ten’s of thousands of people have already used LendEDU’s refinancing tool, including many of our own readers.
LendEDU is an incredible tool to help you refinance your student loans. It is absolutely worth the 3 minutes it takes to fill out their questions to receive your new interest rates. Refinancing your loans will allow you to destroy your student loans once and for all.
LendEDU is simply the best option out there right now for comparing student loan refinancing rates. We fully trust them and highly recommend going through their process to see your options.
Click here to see how much you can save, or click the banner below: