Consolidate Student Loans Flagstaff AZ

A college graduate is paying varying interest rates on multiple student loans.

National Bank of Arizona
(623) 972-4603
9878 W. Camelback Rd
Glendale, AZ
 
Washington Mutual
(602) 977-3988
3020 E. Camelback Rd
Phoenix, AZ
 
Washington Mutual Bank
(602) 896-1119
4232 W. Bell, #11
Glendale, AZ
 
Dyster Linda Gomez
(480) 926-4280
1425 W Elliot Rd
Gilbert, AZ
 
Wells Fargo Bank Arizona
(623) 772-7420
9082 W. Glendale Ave
Glendale, AZ
 
Parkway Bank
(623) 487-1119
7581 W. Thunderbird Road
Peoria, AZ
 
First Community Bank
(623) 687-3001
9899 W. Bell
Sun City, AZ
 
Credit Union West
(602) 631-3407
PO Box 7600
Glendale, AZ
 
TCF Bank
(602) 716-8955
7570 W Cactus Rd.
Peoria, AZ
 
Wells Fargo Bank
(623) 876-5979
6695 W. Bell Road
Glendale, AZ
 

Consolidate Student Loans

Provided by:

Q: I wanted to know if it is better to make payments to my current student loan of $200 per month at a 6.8% interest rate or if I should continue to pay on my past loans at 3.25%.
Thanks for your help!

A: Students who are making payments on their student loans face the challenge of having multiple interest rates to juggle. This is a common situation where you consolidated your undergraduate loans at a lower interest rate and took out new student loans at the current interest rate. 

The current interest rate on Stafford loans is 6.8% fixed.  In comparison, when you separate from school again, you can be making payments on multiple interest rates. 

The best thing for a student would be to take all your student loan payments and combine them into one new consolidated student loan; this will result in a lower monthly payment, lower than what you had been paying keeping them separate. 

The most common reason graduates choose to go this route is to lock in a new loan with a much lower interest rate, which in turn creates more cash flow for you each month and more cash on hand for other expenses. 

Adam Hoffman
Quality Control Specialist
OneSimpleLoan

Copyright ©2008, Young Money Media, LLC


Click here for more information from YoungMoney.com.