Below you'll find a list of all posts that have been categorized as “Consolidation”
Federal student loan consolidation is a powerful tool. The process can streamline repayment and help borrowers get their debt forgiven. Sadly, things aren’t foolproof. Mistakes with federal student loan consolidation can be costly. Raising the stakes even higher is the fact that borrowers can’t fix errors after the fact. There …
Article updated 7/11/20 to include the latest interest rate and new customer bonus information. Two of the top names in student loan refinancing are SoFi and CommonBond. Both lenders fall firmly into the fin-tech category of lenders. Borrowers should expect a quick and easy process compared to working with a …
The rejection rate for Public Service Student Loan Forgiveness is a horrifying 99%. Some of the problems that lead to rejection can be easily fixed, while others are far more complicated. Issues with Federal Family Education Loan Program or FFEL loans are among the most serious because there is no …
Many student loan borrowers can improve their credit score by consolidating or refinancing their student loans. Unfortunately, not all borrowers see an increase. Some borrowers may see their score drop by consolidating or refinancing. Though federal direct consolidation and private student loan refinancing are very different processes, the impact on …
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 …
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, at times, fall short of minimal quality standards expected by many borrowers and taxpayers. The challenges …
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 Update July 2nd, 2019: The Connext website has been down for several months now and it appears that they are no longer offering student loan refinancing. If things change, this article will be updated accordingly. For now, borrowers looking for student loan refinancing will have to investigate one of …
Article Updated 7/3/19 to reflect the latest interest rate information. EDvestinU is a funny sounding student loan refinance company that offers an excellent deal to certain student loan borrowers. EDvestinU scores points for being a non-profit and for consumer transparency. The short-term interest rates are not the most competitive, but …
In this edition of the Sherpa Mailbag we take a look at the credit score questions of Jane. She is trying to improve her credit and is worried that her student loans may be dragging it down. If you have a question for the Sherpa, feel free to ask us! …
