Consolidate Student Loans Flagstaff AZ

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

Meridian Bank
(623) 932-4000
11 W. Van Buren St.
Avondale, AZ
 
Desert Schools Federal Credit Union
(602) 433-7058
6633 N. Black Canyon Hwy
Phoenix, AZ
 
Checkmate
(480) 792-1022
1250 N Alma School RD
Chandler, AZ
 
Arizona C.U. League
(602) 264-6701
10210 N. 25th Ave. #211
Phoenix, AZ
 
Bank of America
(480) 224-2021
3410 W Chandler Blvd
Chandler, AZ
 
National Bank of Arizona
(928) 204-1060
1470 W State
Sedona, AZ
 
Gold Canyon Bank
(623) 594-7351
6641 S. Kings Ranch Rd.
Gold Canyon, AZ
 
Bank 1440
(623) 334-6048
8550 N. 91st
Peoria, AZ
 
1st National Bank of Arizona
(623) 815-4300
10220 W. Bell Road #105
Sun City, AZ
 
Community Bank of Arizona
(623) 979-1999
6666 W. Peoria #101
Glendale, 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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