Student Loans Rates
With the high cost of going to college today, student college loans are available to help parents and students get through this financially challenging time.
When you are ready to start college, the first thing you must do is figure out how to pay the expense of your higher education. There are many options available to you to help pay for your college education regardless of your financial situation. It is better to start searching for money for college as soon as possible as some scholarships and loans are handed out on a first-come, first-served basis.
Cash does not come easy and unexpected expenses could occur while you are still in school. If you are in college and in need of funding to continue your education, there are sources where you can obtain additional financial help.
Also, if you are just starting college or you are still in school, you can also apply for a student debt consolidation loan and combine one or more current eligible loans into a single new loan at a low rate with no additional fees.
If you have completed your education and your monthly student loan payments are too much of a strain on your budget, you can apply for a student consolidation loan to lower your monthly payments. Combining all your student loans could cut your monthly payment up to 50% and possibly at a lower interest rate.
Whatever your financial situation is, never stop searching for a better funding source and always try to negotiate the best possible deal to save as much money as possible.
Best answer from question by livnicole82:
Answer by Dan2983
any outstanding debt goes against you when your buying. (if you tell them about it)
Best answer from question by Minion26:
Answer by KyFADirector
Your lender is correct. I would think the only way you could refinance and get a lower rate would be if you borrowed a new loan from a bank or an equity loan on your house and used those funds to pay off the consolidated loan.
Now if you borrow now you can reconsolidate all your new loans with your old loans but the interest rate will be a combination of the rate on the old loans and the rate on the new loan not what the old loans would be if they were not consolidated currently so unless you borrow a lot more it won’t drop your interest that much.