Consolidate Student Loans Los Banos CA

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

Bloomington High School
(909) 580-3004
10750 Laurel Avenue
Bloomington , CA
 
JOHNSON CAPITAL
(949) 660-1999
18101 Von Karman Ave., #1050
Anaheim, CA
 
Butte Community Bank
(530) 891-3494
2041 Forest Ave
Chico, CA
 
Guaranty Bank
(559) 244-0348
1015 W. Shaw Ave
Fresno, CA
 
California National Bank 016
(562) 719-9050
5767 E Pacific Coast Hwy
Long Beach, CA
 
First Bank
(415) 781-7810
550 Montgomery St.
San Francisco, CA
 
Premier Bank of Glendale (proposed)
(949) 241-1291
589 Americana Way, Unit #305
Glendale, CA
 
California Check Cashing Stores
(530) 879-9500
1456 Mangrove Ave
Chico, CA
 
FIRST BANK
(714) 447-7881
1375 S. Harbor Blvd.
Anaheim, CA
 
Fremont Bank
(415) 243-0700
200 Townsend St.
San Francisco, 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
OneSimpleLoan

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