Consolidating student loans advice sallie mae
I am thinking about consolidating my students loans.On my credit report my student loans are my longest running credit history (over 13 years).I plan on consolidating with the same company that currently holds the loans.What I want to know is will the 13 years be null and void or will it still show this is my longest running loan?I'm just trying to figure out if this will put a ding on my credit and look like I closed my longest standing account? Today, graduates are leaving campus holding a diploma in one hand and an average of ,000 in debt in the other.In America, student debt is the second largest form of consumer debt.Unfortunately, our nation’s education system, politicians, and students haven’t figured out a solution.
Your new loan typically has a lower interest rate, saving you money, or a lower monthly payment, making repayment more manageable.We’ve created this guide to help borrowers better understand the emerging student loan refinancing and consolidation industry.By now you should know the basics behind student loan consolidation and refinancing.Now, we would like to present unbiased descriptions of the 11 major student loan consolidation companies.Please note, from here on out, we consider "consolidation" and "refinancing" the same thing.
All of these companies have been vetted by The Student Loan Report team for product quality, security, and customer experience.