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
 
Community Loans
(480) 726-2920
25 W Warner Rd
Chandler, AZ
 
linda
(520) 822-9338
9321 s. van dr
tucson, AZ
 
Credit Union West
(602) 631-3200
13708 W. Glendale Avenue
Glendale, AZ
 
Chase Bank - Village of Oak Creek
(928) 284-1030
6666 State Route 179
Sedona, AZ
 
Gold Canyon Bank
(623) 594-7351
9299 W. Olive Ave.
Peoria, AZ
 
BBVA Compass Bank
(623) 815-2100
10633 W Olive Ave
Peoria, AZ
 
Buckeye Checksmart
(480) 917-3100
135 E Ray RD
Chandler, AZ
 
Wells Fargo Bank - Basha's
(623) 362-2260
6760 W. Deer Valley Road
Glendale, AZ
 
Meridian Bank
(623) 932-4000
11 W. Van Buren St.
Avondale, 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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