Is consolidating my student loans a good idea
And what’s more, proceeds from the EDvestin U Loan Programs support scholarships and college access activities in New Hampshire’s public high schools. Borrowers must: A variety of loan terms to suit your needs: Edvestin U lets borrowers choose between four different term lengths — 5, 10, 15 or 20 years.
This gives borrowers the option to tailor their loan and choose the term that’s right for their individual financial situation A lender that gives back to the community: Unlike for-profit banks, proceeds from the EDvestin U Loan Programs go right into supporting local New Hampshire public high schools Refinance before you graduate: Edvestin U is one of the few lenders out there that lets borrowers refinance their loans before they have graduated.
Edvestin U does not require borrowers to have obtained any minimum level of degree in order to qualify to refinance their loans Autopay discount: Borrowers can get a 0.25% discount when they set up autopay Option to make pre-payments: Edvestin U charges no fees or penalties for prepaying your loan Edvestin U requires a strict minimum income: Borrowers must meet certain minimum income requirements in order to qualify to refinance their loans with EDvestin U.
I need to consolidate them but have not found a bank willing to do so. Even if they came through a private lender, you can consolidate them through the Federal Direct Consolidation Loan program, which offers different repayment schedules that are meant to help you take control of your debt.
Some newer lenders allow you to, for example, choose your exact loan term and monthly payment amount or donate money to a nonprofit.
Citizens Bank has instead chosen to offer the standard term options available from most refinancing lenders College Ave helps borrowers refinance existing federal or private student loans, or borrow a new private student loan to cover their college costs.
College Ave offers borrowers great interest rates, as well as a variety of terms and repayment options, so each borrower can find the right fit for them.
With College Ave, borrowers can reduce: If you think you may not qualify to refinance with College Ave on your own, consider adding a creditworthy co-signer.