Of consolidating student loans

Direct Unsubsidized Loans do not require borrowers to have demonstrated financial need and start to accumulate interest as soon as they are awarded.

Sometimes a federal loan isn’t enough to cover the entire financial need and borrowers will fill the gap through a private student loan.

It's important to note that neither public nor private student loans can be discharged in bankruptcy.

That means that no matter what, you're stuck with these loans, and if you fail to pay them back, your wages can be garnished. If you have bad credit, student loans can be a source of real concern.

Refinancing and consolidating student loan debt can be a great way to save money and take advantage of today’s low interest rates.

Refinancing can save you money each month through lower payments, and save you money over the life of the loan through lower interest rates.

Generally speaking there are two types of student loans: federal student loans and private student loans.Federal student loans are provided by the government and they come with a relatively low, fixed interest rate, along with a variety of government mandated protections, such as deferment options (deferment a period of time where you don't have to make payments and you won't accrue interest because of economic hardship).Private student loans, on the other hand, are administered by banks and other financial institutions, and the interest rates for these loans tend to be higher and they can be raised over time.Lending decisions are based on personal circumstances, so the rates we offer may vary between customers.When we advertise our products, we use representative rates to show what the majority of customers may be offered.Lenders will typically make a decision in a matter of minutes.


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