Consolidating student loans different interest rates

Founded in 2011 and headquartered in San Francisco, So Fi is an award-winning marketplace lender offering fixed- and variable-rate student-loan refinancing.The company also provides unemployment protection and career support.

consolidating student loans different interest rates-29consolidating student loans different interest rates-84

In that case, the new loan would have a balance equal to the sum of the other loans. You've probably heard of credit card balance transfers, but another option is a personal loan.But unlike some other resources, loans must be paid back.Loans, and associated interestcosts, typically keep graduates in debt for 10 years or more.Student loan debt can be overwhelming, especially if the borrower has multiple lenders and both private and federal loans.Consolidation allows students to combine all their loans into a single loan, with one monthly payment to a single lender.

Leave a Reply