Consolidate Student Loans Los Banos CA

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

David Campellone Loans
(714) 396-6713
2113 W Beacon Ave
Anaheim, CA
Bank of America Fresno City Center
(559) 445-7660
2513 Fresno St
Fresno, CA
Alliant Credit Union
(650) 634-1197
700 Concar Dr.
San Mateo, CA
Bank of America Sanger Branch
(559) 875-2537
1501 7th St
Sanger, CA
Wells Fargo Bank - Fresno Main
(559) 442-6311
1206 Van Ness Ave.
Fresno, CA
Bank of America Selma Branch
(559) 891-2464
2100 Arrants St
Selma, CA
Bank of America West Fresno Branch
(559) 445-7772
1521 Fresno
Fresno, CA
De Vries Vali
(562) 494-7700
1777 N Bellflower Blvd
Long Beach, CA
Albert Baker Fund
(916) 643-9999
777 Campus Commons Rd Ste 165
Sacramento, CA
All American Jewelry & Loan
(661) 325-2274
1809 Chester Ave
Bakersfield, 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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