Best company to consolidate my student loans?
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I need to consolidate my student loans. Anyone know of a place that offers the best interest rate?
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Answer:
Sallie Mae - no don't! I have a 18.125% student loan with them. I know there are many with this problem. Don't let your school pick. go out there and find the best place to get a loan for yourself don't be trusting, because everything is a statistic. Students are a big business and allot of money is spent yearly. Becarefull
KJEEHK2BMSTMJYFAGWQEHW3DJI at Yahoo! Answers Visit the source
Other answers
If you have private loans you can consolidate them, too (unlike what the first answerer said). This is one area where you can shop around for rates.
naniwako
By law, lenders are required to use the same interest rate formula for Consolidation Loans. However, many lenders offer interest-rate reductions for paying on time or via direct debit. It is important to read the fine print and understand how you become qualified for or disqualified for a lender’s borrower benefits programs. Beyond savings, borrowers should consider customer service, flexible repayment options, online account access and applications, reputation and industry experience when selecting a lender. Sallie Mae offers a lot of good information on consolidation on its site, including an FAQ and a calculator that will tell you what your payments will be. http://www.salliemae.com/after_graduation/manage_your_loans/consolidate_student_loans/student_loan_consolidation.htm
Sallie Mae
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