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
 
Arizona Central Credit Union
(602) 264-6421
6901 W. Bell Road
Glendale, AZ
 
Desert Hills Bank
(623) 977-9200
9745 W. Bell Rd
Sun City, AZ
 
Washington Mutual
(623) 376-7067
20219 N. 59th Avenue, #A-1
Glendale, AZ
 
American General Finance
(480) 899-2350
2050 N Alma School RD
Chandler, AZ
 
Meridian Bank
(623) 972-1740
13373 N. Plaza Del Rio Blvd
Peoria, AZ
 
Loan Mart
(480) 675-0399
1495 N Hayden RD
Scottsdale, AZ
 
Arizona State Credit Union
(928) 203-7552
140 Coffee Pot
Sedona, AZ
 
State Farm Insurance - Matt Woosley
(623) 412-2219
9184 W. Northern Ave
Glendale, AZ
 
Bryan Family Ltd. Partnership
(602) 725-0755
6820 W. Redfield Dr
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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