Is there any difference between getting a student loan refinance and getting the loans consolidated?

There is a difference between having a student loan refinance and having consolidated your student loans. When you refinance, you are replacing your current loan terms with a new loan, for the same amount, with new terms. When you consolidate, however, you are combining all existing student loans into one debt. You are refinancing the loans, but you are also taking the step to replace them with a bulk loan. Depending on the reason you are modifying your loan or loans, the benefits will be different. The main benefit of a refinance agreement is saving money on a specific loan. With consolidation, you have the added benefit of reducing the number of loan payments you make each month. 

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