Below you'll find a list of all posts that have been tagged as “consolidation”
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 …
Refinancing your student loans is a major financial commitment. One thing that people often don’t realize is that refinancing is not an all or nothing proposition. Borrowers do not have to refinance all of their student loans together. Student loan refinance lenders will allow borrowers to choose the specific loans …
Article Updated October 1, 2019, to reflect the latest available interest rate information. With well over a trillion dollars in student loan debt in the United States, it is no surprise that new lenders continue to pop up in the refinance marketplace. Finding the lender offering the lowest interest rates …
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 …
For many borrowers, student loan refinancing is an excellent option. By refinancing, they can get lower interest rates and lower monthly payments. Unfortunately, student loan refinancing — sometimes called private loan consolidation — can have expenses that borrowers may not expect. The possible fees and costs of a student loan …
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 …
Federal student loan consolidation isn’t easy for many borrowers to navigate. For some borrowers, federal student loan consolidation is an essential step to getting their student debt eliminated. For others, federal student loan consolidation would be a major mistake. Determining whether or not consolidation should be done is an essential …
Article Last Updated July 3, 2019 to reflect the latest interest rate information. Discover joins a crowded marketplace of lenders offering student loan consolidation and refinancing services. Though the loans that Discover offers are not groundbreaking, they will appeal to a number of borrowers. Those most likely to be impressed …
Sorting out student loan advertisements can be tricky for many consumers. With Americans owning nearly $2 trillion on their student loans, many are confused and desperate for help and for good news. This makes student loan borrowers prime targets for student debt relief scams. While the government, especially at the …
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 …
