Information about consolidating student loans
Other borrowers consolidate their loans to streamline their student loan payments into one monthly payment and eliminate the hassle of keeping track of multiple student loans.
When you consolidate your loans, you have only one due date to remember as opposed to several, making it easier to manage your finances.
Speak to a Citizens Bank Education Finance Specialist to decide if private student loan consolidation is right for you, or to learn more about how to consolidate your student loans.
We can explain more about the flexible terms, variety of repayment options and competitive interest rates of the Education Finance Loan.
The resulting interest rate is a weighted average of your prior loan rates.
Refer to https://com/consolidate-student-loans-vs-refinance/ for more information.
So Fi’s average lifetime savings methodology for student loan refinancing excludes refinancings in which: 1) members elect So Fi loans with longer maturity than their existing student loans; 2) the term length of the member’s original student loan(s) is greater is than 30 years; 3) the member did not provide correct or complete information regarding his or her outstanding balance, loan type, APR, or current monthly payment. Check out this blog post that provide more information: When to Consolidate Federal and Private Loans by Refinancing.Lifetime savings calculation of ,767 is based on all So Fi members who refinanced their student loans between January 2017 and April 2018.The savings calculation is derived by taking the estimated lifetime cost of existing student loans minus the lifetime cost of So Fi loans upon refinancing for members who refinanced their student loans. It’s just people, and they want to help.”- Brittany, So Fi member Refinancing is a great solution for working graduates who have high-interest, unsubsidized Direct Loans, Graduate PLUS loans, and/or private loans.Before consolidating student loans, it's important to know what benefits you will receive from consolidation.
If your credit score or financial situation hasn't changed much since you first applied for loans, you may not see much of a difference in your quoted rates.
You will have a lot of important financial decisions to make after getting a job, one of which will be paying down your student loan debt.