Consolidating loans through sallie mae
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The variable interest rate option ranges from 2.345% APR to 6.270% APR.The repayment term length will vary depending on your needs; however, So Fi offers 5-year to 20-year plans for both the fixed and variable interest rate.
We only evaluate lenders and do not issue student loans.Yes, according to FICO, all applications made in the previous 30 days does not impact your credit score and having a group of applications on your credit history gets grouped to minimize impact. So Fi is one of the largest student loan refinancing companies and has quickly risen to the top over the past few years.The company boasts its desire to help its customers by offering zero fees, better interest rates, and unmatched customer service.If you took out a loan to pay for college, you are probably paying too much, and could potentially save thousands through refinancing!Refinancing your student debt is just like your car or home mortgage.If your job is lost, So Fi will suspend your payments temporarily to help you get back on your feet and start earning an income once again.
Lastly, So Fi has a customer service team that is dedicated to helping you from the moment you voice an interest in the company.
The new lender pays off your old one and gives you a new one with new, hopefully lower interest rate.
By lowering your interest rate, less additional money will be added to your total balance each month, ultimately saving you money!
Finding the right bank to refinance or consolidate your student loans is confusing.
Fortunately, we’ve highlighted the six best banks and lenders to help you refinance and consolidate both private and federal student loans, based on your financial situation.
After all scholarships and grants have been exhausted, the next option is student loans.