Consolidate loanstudent college student loan consolidating there is a problem with updating the classic specific files
@6.5% INTEREST RATE If you’ve just left school, CREDIT SCORE 550 you probably haven’t had the chance to build up a good credit history yet, so with private consolidation PRIVATE LOAN CONSOLIDATION LOWER MONTHLY PAYMENT you might get a simpler, lower monthly payment, but you could end up paying more in combined interest.
MORE COMBINED INTEREST But if you happen to have a steady job and have built up a good credit score, you might be able to get a lower interest rate from another lender than your current private loans, @5.4% INTEREST so it might be worth looking into.
If you are looking to refinance private loans, take a look at our private loan refinancing options.
Federal consolidation is available after borrowers enter repayment, either because they graduated or ceased to be enrolled at least half-time.
@5% INTEREST Now as you can see, BILL keeping track of these loans might get complicated— especially if you’re making payments to different loan servicers.
Many students will get federal loans for each year in school and will graduate with more than one loan to repay.Let’s say you have fifty thousand dollars in federal loans.