Consolidating private loans companies

01-Sep-2016 01:31

Before you consolidate, consider the following pros and cons: Note: Just remember, you must continue making payments after submitting your application until you receive notice from your servicer that underlying loans have been paid off.You have the option to select the servicer of your choice (of which, Nelnet is an option) After your new Direct Consolidation Loan is complete, you may still add more eligible loans to your existing consolidation.Student loan debt can be overwhelming, especially if the borrower has multiple lenders and both private and federal loans.Consolidation allows students to combine all their loans into a single loan, with one monthly payment to a single lender.

Consolidating allows you to merge multiple eligible loans into a single loan.

Unfortunately, our nation’s education system, politicians, and students haven’t figured out a solution.

In short, when you refinance your student loans, your new lender will pay off your old loans and issue you a new one.

Founded in 2011 and headquartered in San Francisco, So Fi is an award-winning marketplace lender offering fixed- and variable-rate student-loan refinancing.

The company also provides unemployment protection and career support.

Consolidating allows you to merge multiple eligible loans into a single loan.

Unfortunately, our nation’s education system, politicians, and students haven’t figured out a solution.

In short, when you refinance your student loans, your new lender will pay off your old loans and issue you a new one.

Founded in 2011 and headquartered in San Francisco, So Fi is an award-winning marketplace lender offering fixed- and variable-rate student-loan refinancing.

The company also provides unemployment protection and career support.

With an average balance of ,400, student debt is a big part of the average college graduate's life.