Help in Refinancing Private Student Loans!?
Asked by Jessica AI have four private student loans that have an unsatisfactory interest rate. Can anyone relate any experiences or advice with consolidation of private student loans that would help me in the search to lower my payment and get a satisfactory interest rate? What to stay away from, a company that is particularly helpful, anything! My credit score and future need you!
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Answered by Sallie Mae
Sallie Mae consolidates private student loans. Private loans, including consolidation loans, are credit-based, so your interest will be based on your credit score. If yours isn't the best, it can help to have a cosigner with a good credit score. Also, extending your payment term will lower your monthly payments, but keep in mind that means you'll pay more interest over the life of the loan. Just like a credit card. You can find more info on private student loan consolidation at www.salliemae.com/after_graduation/manage_your_loans/consolidate_student_loans/private.htm
Sallie Mae consolidates private student loans. Private loans, including consolidation loans, are credit-based, so your interest will be based on your credit score. If yours isn't the best, it can help to have a cosigner with a good credit score. Also, extending your payment term will lower your monthly payments, but keep in mind that means you'll pay more interest over the life of the loan. Just like a credit card. You can find more info on private student loan consolidation at www.salliemae.com/after_graduation/manage_your_loans/consolidate_student_loans/private.htm
