Below you'll find a list of all posts that have been categorized as “Consolidation”
Earlier this week I received the following email from a reader: I’m writing because recently I have been trying to consolidate my private loans and have run into a snag: I have too much debt with regard to my income (surprise!). I have excellent credit and make the huge payments …
Article Last Updated on 7/2/19 to reflect the most recent interest rate information. Not long ago CommonBond was just an idea being tossed around by a few Wharton MBA students. Today it is a fast growing student loan refinancing company offering some unique products, and giving new customers $150 for signing …
Many student loan borrowers are able to improve their credit score by consolidating or refinancing their student loans. Unfortunately, not all borrowers see an increase in their score. Some borrowers may actually see their score drop by consolidating or refinancing. Though federal direct consolidation and private student loan refinancing are …
Phone calls with lenders can be especially stressful. For many borrowers, student loans are by far their biggest debt. Student loan companies, including federal student loans servicers like Navient and MyFedLoan have a well deserved reputation for lousy service. This combination of financial pain and terrible customer service can be …
Great Lakes Higher Education, commonly called MyGreatLakes, is one of the largest servicers of federal student loans. Though Great Lakes does not directly provide consolidation or refinancing services, it is still possible to refinance loans with Great Lakes. The big question for borrowers to decide is whether or not this …
Article Updated 7/2/19 to include the latest available interest rate information. SoFi and LendKey are both premium student loan refinancing and consolidation companies. At present they are both ranked in the top ten in our student loan refinance rankings. How is a borrower to pick the best lender? The LendKey …
Fedloan Servicing, also known as myfedloan, is one of the largest servicers of federal student loans. Though Fedloan Servicing has been entrusted by the government to manage billions of dollars in student loans, they often fall short of minimal quality standards expected by many borrowers and taxpayers. The challenges of …
Article Updated July 3, 2019 to reflect the latest interest rate information. PNC’s decision to enter the student loan refinance world is an interesting one. The Student Loan Refinance marketplace is currently dominated by two types of lenders. The first group is startups specializing in student loans like SoFi or …
Article Updated July 2, 2019 to reflect the latest available interest rate information and a new customer promotion of up to $500. The latest company to enter the student loan refinance marketplace is Splash Financial. Splash Financial first entered the student loan refinance business as a lender focusing exclusively on …
*Rate Tables Updated as of August 5, 2019 Despite a strong economy, student loan refinance rates have stayed relatively low. We attribute this to a very competitive marketplace with many lenders competing for borrowers. Interest rates across the economy have started to drop, including Treasury Bonds and Mortgage Rates. Student …
