Best interest rates for consolidating student loans
” Then I opened the folder and saw that the inside pocket was filled with papers listing all the loans I had taken out over the previous four years.
Instead of listening to what the nice financial aid people were talking about during the hour-long presentation, I sat there and added up my total student debt amount.
I had no idea how student loan interest worked the day that I entered that financial exit interview, but I would like that to not be the case for you.
Below, I’ll help you answer the question “how does student loan interest work?
If So Fi* approves you, you will probably have a difficult time finding a lower interest rate anywhere else.
In this post, we will review both Student Loans and Personal Loans.
So Fi offers some of the lowest interest rates and the best consumer experience in the market.
Most borrowers will need a cosigner for this loan to meet credit, employment, and debt-to-income requirements.
Rates are typically higher without a cosigner; however, borrowers that meet these requirements on their own do not need a cosigner (but may still choose to apply with a cosigner).
A cosigner is someone who shares responsibility with the borrower for repaying the loan.
The cosigner doesn’t have to be a relative; he or she can be any adult who meets the eligibility requirements.