Refinancing and consolidating student loan debt can be a great way to save money and take advantage of today’s low interest rates.

Refinancing can save you money each month through lower payments, and save you money over the life of the loan through lower interest rates.

Consolidating student loans with different payment amounts, due dates, and interest rates into a new loan with one payment, one amount, and one interest rate can make it easier to stay on top of your student loan obligation without a payment getting lost in the shuffle.

There are plenty of banks out there that can refinance and/or consolidate your student loans, but finding the right bank can be time consuming and frustrating. Students who need assistance covering the cost of their college education often turn to federal or private student loans to pay their tuition and fees.

So Fi, a student loan company based in San Francisco, will also refinance government loans.

The company has refinanced 0 million in student loans since 2012.

“And that’s just the tip of the iceberg,” said CEO Mike Cagney.

Direct Unsubsidized Loans do not require borrowers to have demonstrated financial need and start to accumulate interest as soon as they are awarded.

Sometimes a federal loan isn’t enough to cover the entire financial need and borrowers will fill the gap through a private student loan.