Consolidating student loans interest

Posted by / 24-Dec-2020 00:55

If you choose to apply with a creditworthy cosigner, you may receive a lower interest rate.If you choose to consolidate loans that currently have a cosigner, your cosigner will no longer be responsible for the loans you include in your new consolidation loan.If you need to add a loan, you can cancel your existing application and reapply with the additional loan(s).

Are you one of the 8 million Americans who could be getting a better deal?

Find out if student loan consolidation is right for you.

You will have 30 days, from Approval Disclosure, to accept the loan terms and a three-day right-to-cancel period, following Final Disclosure, before the consolidation is complete.

When you consolidate your student loans, you may be able to lower your monthly payment if you qualify for a lower interest rate and/or extend your repayment term.

If your repayment term is extended, it will take you longer to pay back your loan and you will increase your total loan cost.

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We recommend you compare your current loan terms against the consolidation loan terms.

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