Refinance student loan consolidating student loan
Until we notify you that your loans are consolidated, you’ll need to continue making payments on all your separate loans.
loan allows you to consolidate multiple private student loans or refinance a single private student loan.
Your interest rate options will be presented to you during the application process, at which point you can choose between a specific variable interest rate and specific fixed interest rate.
Once you apply, a private student consolidation loan application usually takes 45 – 60 days to process.
student loan is subject to completion of a loan application/consumer credit agreement, verification of application information, credit qualification, and a benefit to borrower determination.
A cosigner may be released from the loan if the student borrower is a U. At the time the borrower asks us to release the cosigner, all of the following requirements must be met: If these requirements are met, then the borrower must return a signed cosigner release application and, at that time, satisfy a full credit, employment, and income evaluation.
Variable interest rates are based on an Index, plus a margin.
The APR for a variable rate loan may increase during the life of the loan if the index increases. Rates are current as of 01/01/2018 and subject to change without notice.
This can potentially lower your monthly payment by qualifying for a lower interest rate or extending the loan repayment term.
Keep in mind that extending the repayment term may increase the amount of interest you pay over the life of the loan.
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The cosigner doesn’t have to be a relative; he or she can be any adult who meets the eligibility requirements.