Consolidate Student Loans Los Banos CA

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

Advance America
(916) 722-1806
7909 Walerga Rd
Sacramento, CA
Bank of Guam
(415) 392-1670
404 Montgomery St.
San Francisco, CA
(562) 983-7450
11 Golden Shore, Suite 630
Anaheim, CA
Wells Fargo Bank #0517
(818) 265-1372
1416 E. Colorado St.
Glendale, CA
Abn Loans
(866) 849-1119
2900 Adams Street A 335
Riverside, CA
Washington Mutual Bank
(818) 246-7122
500 N. Glendale Avenue
Glendale, CA
Bank of America Calwa Branch
(559) 445-7303
2611 S. Cedar Ave.
Fresno, CA
1st Security Financial
(619) 425-7283
259 3rd Ave
Chula Vista, CA
Advance America Cash Advance
(916) 569-1508
1510 W El Camino Ave
Sacramento, CA
Best Collateral
(510) 625-7990
1715 Telegraph Ave
Oakland, 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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