Consolidate Student Loans Los Banos CA

A college graduate is paying varying interest rates on multiple student loans.

Bank Of America
(415) 953-2773
5268 Diamond Heights Blvd Gold Mi
San Francisco, CA
Fidelity Federal Bank
(818) 549-3203
4565 Colorado Blvd.
Glendale, CA
We R Family Christian School
(707) 428-1838
1004 Utah Street
Fairfield, CA
Citizens Business Bank
(818) 550-0400
1000 N. Brand Blvd.
Glendale, CA
Access Capital
(714) 415-7820
1560 Brookhollow DR
Santa Ana, CA
California Check Cashing Stores
(530) 879-9500
1456 Mangrove Ave
Chico, CA
Central Valley Community Bank
(559) 298-1775
600 Pollasky Ave.
Clovis, CA
Bank of The West Shaw/West
(559) 431-4500
2110 W Shaw Ave
Fresno, CA
Wells Fargo Bank - Sunnyside Plaza
(559) 453-1259
5642 E. Kings Canyon Rd
Fresno, CA
Bank of America Tower District Branch
(559) 445-2237
1264 N. Wishon Ave
Fresno, CA

Consolidate Student Loans

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Q: I wanted to know if it is better to make payments to my current student loan of $200 per month at a 6.8% interest rate or if I should continue to pay on my past loans at 3.25%.
Thanks for your help!

A: Students who are making payments on their student loans face the challenge of having multiple interest rates to juggle. This is a common situation where you consolidated your undergraduate loans at a lower interest rate and took out new student loans at the current interest rate. 

The current interest rate on Stafford loans is 6.8% fixed.  In comparison, when you separate from school again, you can be making payments on multiple interest rates. 

The best thing for a student would be to take all your student loan payments and combine them into one new consolidated student loan; this will result in a lower monthly payment, lower than what you had been paying keeping them separate. 

The most common reason graduates choose to go this route is to lock in a new loan with a much lower interest rate, which in turn creates more cash flow for you each month and more cash on hand for other expenses. 

Adam Hoffman
Quality Control Specialist

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