Our payment is a bit higher but at least now we know our rate is the best we can get, it will not fluctuate and we are confident that we will have it paid off in 5 years. Online interface could be improved (especially as compared to So Fi's). I started the process and found that as I went each step of the way, instructions were clear and easy to follow. Everything fell into place and all was done relatively quickly.
They ask for a lot of information from you but it's worth putting the time in to get the consolidation completed and it assures you that your information is being protected. I like being able to see the amount of interest accrual since last payment and principal balance easily on the first page and that is not possible now on the current web page. Why not strive to offer your customers the best deals instead of making them jump through hoops to re-apply for a much better rate?
I've only had a few minor issues with having to chase down the referral bonuses and such, but overall my experience has been very positive.
My interest rate went down a lot which will save me a lot of money over the course of the loan.
This amounts to 20 years of interest payments which can make the overall price of paying off your student loans significantly higher.
For example, on a ,000 loan at 6.8% you can reduce your monthly payment by almost by moving from a 10 to a 20 year loan, but you will end up paying ,000 more in interest payments.
Consolidation has helped many people lock in low interest rates and reduce their monthly payments.
Whereas consolidation just streamlines bills, refinancing also shrinks them. The entire process from quote to signing and setting up my automatic payment.
I�m saving myself several thousand dollars over the next few years while keeping my loan payment the same!
So whether you want to pay off your student faster or just reduce your student loan payments, we can help.
Student loan consolidation is the process of unifying several loans with different rates and terms into a single loan with a single payment.