Consolidate Student Loans Flagstaff AZ

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

TCF Bank
(602) 716-8955
7570 W Cactus Rd.
Peoria, AZ
 
Chase Bank - 9790
(602) 589-3603
9790 W. Peoria Ave
Peoria, AZ
 
Wells Fargo #7345
(623) 487-3600
7345 W. Cactus Rd.
Peoria, AZ
 
1st National Bank of Arizona
(623) 815-4300
10220 W. Bell Road #105
Sun City, AZ
 
U.S. Bank
(623) 878-0793
20713 N. 83rd Ave
Peoria, AZ
 
ACE Cash Express
(480) 456-2959
2722 S Alma School Rd
Mesa, AZ
 
Washington Federal Savings
(480) 633-5547
675 S Cooper Rd
Gilbert, AZ
 
United First Financial
(602) 339-7555
7942 W Bell Rd. C5-499
Glendale, AZ
 
Wells Fargo Bank
(623) 876-5946
9928 W. Bell Road
Sun City, AZ
 
Wells Fargo #8281
(623) 537-2460
8281 Lake Pleasant Parkway
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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