Consolidate Student Loans Flagstaff AZ

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

Mutual of Omaha
(623) 815-4300
10220 W. Bell Rd.
Sun City, AZ
 
Washington Mutual
(623) 566-1788
6728 W. Deer Valley Rd, #E-101
Glendale, AZ
 
Compass Bank
(623) 445-2963
22601 N. 19th Ave. Ste. 120
Phoenix, AZ
 
ACE Cash Express
(480) 456-2959
2722 S Alma School Rd
Mesa, AZ
 
Wells Fargo Bank Arizona
(623) 772-7420
9082 W. Glendale Ave
Glendale, AZ
 
American General Finance
(480) 899-2350
2050 N Alma School RD
Chandler, AZ
 
Credit Union West
(602) 631-3200
5811 W. Talavi
Glendale, AZ
 
Cash Time Auto Title Loans
(602) 262-2612
2612 N. 16th street
Phoenix, AZ
 
BNC National Bank
(602) 508-3760
20175 N 67th Ave
Glendale, AZ
 
National Bank of Arizona
(623) 581-5493
20428 N. 27th 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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