Department education consolidating private loans
Department education consolidating private loans - 8 dating minute
If interest rates do happen to rise, variable interest rates will be capped at 8.95% to 9.95% APR.
At Lend EDU, we help borrowers compare the top student loan companies in one place.
Interest rates on student loans usually vary by loan type, rate type, and credit worthiness.
If you find yourself paying 4% to 10% in interest each year, you are paying too much.
Over the last couple years student loan refinancing and consolidation has become a hot topic in the United States.
As it sounds, refinancing allows undergraduate and graduate borrowers to refinance student loans at a potentially lower interest rate.
With an average balance of ,400, student debt is a big part of the average college graduate's life.
That being said, not all student loans are created equal.
Our favorite, So Fi, aka Social Finance, has quickly positioned itself as the top student loan refinance lender on the market.
So Fi was founded by a group of Stanford business students who wanted to help their peers escape from student loan debt with lower interest rates.
Signing up for auto-pay is easy and So Fi’s customer service support staff can help you through the process if you run into any trouble.
There are advantages and disadvantages to both refinancing and consolidation.
If the requirements above sound good, we think that you are a great applicant for student loan refinancing and consolidation.