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
 
M & I Bank
(623) 463-6100
5704 W. Glenn Drive
Glendale, AZ
 
Chase Bank - 28523
(623) 455-4000
28523 N. El Mirage
Peoria, AZ
 
Meridian Bank
(623) 932-4000
11 W. Van Buren St.
Avondale, AZ
 
National Bank of Arizona
(623) 972-4603
9878 W. Camelback Rd
Glendale, AZ
 
Wells Fargo Bank
(623) 875-0720
9901 W. Thunderbird Road
Sun City, AZ
 
Wells Fargo Bank Arizona
(623) 772-7420
9082 W. Glendale Ave
Glendale, AZ
 
Washington Mutual
(602) 977-3988
3020 E. Camelback Rd
Phoenix, AZ
 
U.S. Bank
(623) 878-0793
20713 N. 83rd Ave
Peoria, AZ
 
Arizona Business Bank
(602) 240-2736
2600 N. Central Ave.
Phoenix, 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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