Step 2: Facts to consider Ahead of Consolidating or Refinancing When you have personal college loans, they are refinanced or consolidated that have a personal financial. Be aware that they may have come with particular incentives otherwise borrower professionals. For folks who re-finance, these types of advantages may no offered be protected. You might re-finance your individual student education loans that have loan providers exactly who give personal education loan refinancing, like the Maine Private Student loan Community Loan providers.