Consolidate Student Loans Sedona AZ

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

Desert Hills Bank - Sedona
(928) 282-7440
2785 W State
Sedona, AZ
 
Arizona State Credit Union
(928) 203-7552
140 Coffee Pot
Sedona, AZ
 
National Bank of Arizona
(928) 204-1060
1470 W State
Sedona, AZ
 
Meridian Bank
(602) 636-4901
4482 W. Peoria Ave
Glendale, AZ
 
Washington Mutual
(623) 376-7067
20219 N. 59th Avenue, #A-1
Glendale, AZ
 
Wells Fargo Bank
(928) 282-7145
2201 W State Route
Sedona, AZ
 
M&I Bank
(928) 204-8802
2010 W State Route
Sedona, AZ
 
Chase Bank - Village of Oak Creek
(928) 284-1030
6666 State Route 179
Sedona, AZ
 
BNC National Bank
(602) 508-3760
20175 N 67th Ave
Glendale, AZ
 
M & I Bank
(623) 463-6100
5704 W. Glenn Drive
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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