Interest rates for consolidating student loans

15-Oct-2019 17:33

For some, a good way to get a handle on their debt is to get it all in one place through a debt consolidation loan.

Keep reading to learn more about debt consolidation, or skip ahead to find reviews of our top companies.

Be sure to look for an interest rate lower than that of your current debts.

Student loan consolidation can be a big help to recent graduates struggling to pay multiple student loans after leaving school.

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In addition to the low rate, students who get loans like this aren’t responsible for interest payments during their time in school. That could help students to save a significant amount of money during the life of the loan.Bad does not include the entire universe of available offers.Editorial opinions expressed on the site are strictly our own and are not provided, endorsed, or approved by advertisers.Our friend Pete has a total of ,000 of debt, spread across four accounts, like so: Not only does each of Pete’s debts have a different lender, but they all have different interest rates — some of them quite high.So, Pete is currently paying four different people, at four different times, with four different interest rates.

In addition to the low rate, students who get loans like this aren’t responsible for interest payments during their time in school. That could help students to save a significant amount of money during the life of the loan.

Bad does not include the entire universe of available offers.

Editorial opinions expressed on the site are strictly our own and are not provided, endorsed, or approved by advertisers.

Our friend Pete has a total of ,000 of debt, spread across four accounts, like so: Not only does each of Pete’s debts have a different lender, but they all have different interest rates — some of them quite high.

So, Pete is currently paying four different people, at four different times, with four different interest rates.

These are the loan products that will allow students to get the education they’ll need in order to compete in the workforce, but loans like this won’t come with the high price tags that can keep some families out of the loan market altogether. These federally funded loans are designed to help all American students attend school, even if their families find it difficult or impossible to pick up the tab for tuition and supplies.