Consolidating student loans for a lower interest rate

Instead of making multiple payments to multiple lenders, the borrower only has to pay off the new consolidation loan, says Michelle Pezzulli, vice president of operations for Credit Union Student Choice, a student lending service provider in Washington, D.C."That new loan will have its own interest rate; it will have its own repayment terms; it will have its own terms and conditions," she says.

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That’s why we created this guide – to give borrowers a useful resource that empowers them to choose if student loan consolidation is right for them and which type may best suit their needs.Student loan debt is a grave concern in modern America.In fact, the amount of debt from student loans topped

That’s why we created this guide – to give borrowers a useful resource that empowers them to choose if student loan consolidation is right for them and which type may best suit their needs.

Student loan debt is a grave concern in modern America.

In fact, the amount of debt from student loans topped $1.3 trillion at the end of 2016, and 68% of seniors graduating from public and nonprofit colleges have student debt – the average is $30,100.

Review available discounts and flexible terms below—then start your private student loan application today.

Citizens Bank is the only lender to offer multi-year approval, because we are committed to staying with you all the way through graduation.

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That’s why we created this guide – to give borrowers a useful resource that empowers them to choose if student loan consolidation is right for them and which type may best suit their needs.Student loan debt is a grave concern in modern America.In fact, the amount of debt from student loans topped $1.3 trillion at the end of 2016, and 68% of seniors graduating from public and nonprofit colleges have student debt – the average is $30,100. Review available discounts and flexible terms below—then start your private student loan application today.Citizens Bank is the only lender to offer multi-year approval, because we are committed to staying with you all the way through graduation.For students with little or no credit history, we strongly suggest that you apply with a qualified co-signer to increase your chances of being approved.A qualified co-signer may also help you secure a lower interest rate on your private student loan.It takes borrowers an average of 21 years to repay their student loans, while 28% of students are in default (or miss payments for 270 days or more) within five years of entering repayment.The picture painted by these statistics is clear: many borrowers are in over their heads with student loan debt and are looking for relief.We start by discussing the basics of student loan consolidation and refinancing, and comparing the benefits and drawbacks of federal and private consolidation loans.We then detail a step-by-step guide to using and choosing consolidation loans.

.3 trillion at the end of 2016, and 68% of seniors graduating from public and nonprofit colleges have student debt – the average is ,100. Review available discounts and flexible terms below—then start your private student loan application today.Citizens Bank is the only lender to offer multi-year approval, because we are committed to staying with you all the way through graduation.For students with little or no credit history, we strongly suggest that you apply with a qualified co-signer to increase your chances of being approved.A qualified co-signer may also help you secure a lower interest rate on your private student loan.It takes borrowers an average of 21 years to repay their student loans, while 28% of students are in default (or miss payments for 270 days or more) within five years of entering repayment.The picture painted by these statistics is clear: many borrowers are in over their heads with student loan debt and are looking for relief.We start by discussing the basics of student loan consolidation and refinancing, and comparing the benefits and drawbacks of federal and private consolidation loans.We then detail a step-by-step guide to using and choosing consolidation loans.