Best company for consolidating private student loans

Posted by / 07-Oct-2020 23:02

Best company for consolidating private student loans

If you need to add a loan, you can cancel your existing application and reapply with the additional loan(s).Once you apply, it can take from 30 to 45 days to process.Once these steps are complete, we will notify you when your loan(s) are consolidated and provide your new minimum monthly payment amount and due date.Please continue making your monthly payments until we notify you that your consolidation loan has disbursed.However, once your loan is disbursed, and we pay off your existing loans, the process cannot be reversed.

For example, you may not want to include loans with a lower interest rate than the consolidation loan.Your repayment period can be 10 or 20 years, based on your creditworthiness.View APR Examples If you are experiencing financial difficulties and you are unable to make your student loan payments, we have options to help.To learn more and determine if you qualify, please call our Repayment Assistance Department at 1-800-STUDENT.Learn More Before deciding if consolidating your student loans is right for you, we recommend you consider the possible benefits and impacts of a consolidation loan and how it may fit with your specific situation and needs.

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