does anyone have student loans that they consolidated through nextstudent?? what are your experienecs i keep getting things from them to consolidate. is it better to consolidate the loans? are you girls locked into a fixed rate?
Kara and Todd
Posted:
Member since
Re: loans
It's better to consolidate federal loans, but you should first try to do that through your lender. You'll be able to spread the loan over a few more years and your payments (and possibly interest rate) will go down.
Consolidating private loans usually isn't worth it -- and the majority of the time, lenders will not consolidate private loans. Since they are based on your creditworthiness, unless your credit has DRAMATICALLY improved since you applied for the loan (unlikely!), you won't get a better rate, anyway, so there is no benefit.
rkl1130
Posted:
Member since
Re: loans
I would first go through your lender or Sallie Mae. The great thing about consolidating loans is that you make one payment and over time, they reduce your rates even more based on the timeliness of your payments. In addition, it gives you different payment options in case you can't pay as much now....
