5 Things To Know Before You Consolidate
Your Student Loan
Get Money For School
Student loan consolidation has great benefits, but it often looks like a complicated process and scares
people.
There is nothing to be afraid of, it is actually much simpler...
More
5 Things To Know Before You Consolidate
Your Student Loan
Get Money For School
Student loan consolidation has great benefits, but it often looks like a complicated process and scares
people.
There is nothing to be afraid of, it is actually much simpler that you think, but to get the most
of your consolidation loan you need to know several important things.
1.
How to find the best student consolidation loan rate?
According to FFELP (Federal Family Education Loan Program) guideline lenders calculate your rate as
an average of your existing loans rates.
They are not allowed to offer you a lower rate and compete
for that.
So there is really no point to searching for a lender with the lowest rate.
However, many lenders offer great rate reduction discounts.
Usually you get a discount after making
several payments on time or if you set an automatic payment from your bank account.
When using
online calculator, most lenders give you your rate after the discounts.
So you will have to b
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