Current interest rate for consolidating student loans
If you refinance that student loan with a 3.0% interest rate and 10-year repayment term, you would lower your monthly payment by 4 and save ,860 in total payments. There are also no prepayment penalties to pay off student loans early. Most lenders today are some employment protection if you lose your job and want to pause your monthly payments. I already have a low interest rate on my student loans. If you can get a lower interest rate than your current interest rate, it may be advantageous for you to refinance your student loans and save more money.You can apply directly online for student loan refinancing. You can also submit online any required documents, which may include a copy of your driver's license, recent paystubs and academic transcript. Advertiser Disclosure: Min Debt is a free website, and we provide all tools and resources free of charge. We earn a commission or advertising free from some of the lenders we recommend.
Check Your Rate at Credible Great experience, amazing rewards, and easy process to go from an avg of 8.4% with some variable interest student loans to 4.3%.I will save over 10k and my friends who consolidated are saving a bunch too.Education Loan Finance (ELFI) is the student loan refinance division of South East Bank.I was a little nervous about the process being all online-but it was all so easy and straight forward.Anytime I had a question, I just called and got Looking around to consolidate my student loans, ELFI offered the best deal I could find.