Consolidate Student Loans Flagstaff AZ

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

Wells Fargo Bank
(623) 842-6080
5503 W. Northern
Glendale, AZ
 
Bank of Arizona, N.A.
(602) 808-5731
2398 E. Camelback Rd.
Phoenix, AZ
 
Bank of America
(480) 224-2021
3410 W Chandler Blvd
Chandler, AZ
 
Wells Fargo Bank - Safeway
(623) 572-2542
20205 N. 67th Avenue, #100
Glendale, AZ
 
College Financial Solutions Group
(888) 830-3544
20325 N. 51st Ave
Glendale, AZ
 
National Bank of Arizona
(623) 581-5493
20428 N. 27th Ave
Phoenix, AZ
 
Wells Fargo Bank Arizona
(623) 772-7420
9082 W. Glendale Ave
Glendale, AZ
 
Arizona State Credit Union
(602) 467-4010
8285 W. Union Hills Dr. Ste. 106
Glendale, AZ
 
Wells Fargo Bank
(928) 282-7145
2201 W State Route
Sedona, AZ
 
Chase Bank - 8978
(623) 362-3735
8978 West Union Hills Dr # 106
Peoria, AZ
 

Consolidate Student Loans

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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

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