Consolidating fafsa student loans
According to statistics, you'll likely have about ,000 in loans at the end.
With the same interest rate and loan payment period, you're looking at a monthly payment of about 5 and total interest of about ,000 for a total principal and interest of ,000.
A Certified Educator in Personal Finance®, Amanda Black is passionate about promoting financial literacy and helping student loan borrowers responsibly manage their debt.
When she is not at work, Amanda enjoys jogging, sharing a glass of wine with friends, and traveling with her husband.
However, after doing so, obtaining a copy of the document for his personal records became impossible. But every time I called, I was either put on hold or transferred only to have my call dropped.
Nobody would help me get a copy of what I had signed.” Several months later, Denzel’s credit card began to reflect regular charges to Strategic Student Loan Results.
Recently, a company called Strategic Student Loan Results, LLC** contacted him.“I gave the representative my social security number and other information, and he was able to pull up all of my loans – how much I had borrowed and when,” Denzel explained. So I assumed it was a legit company since they had access to my data.” The company was local to central Florida (where Denzel resides), which he felt also lent to its credibility.Because Denzel wanted to save money and have the convenience of making one monthly payment, he signed a lengthy contract and submitted it electronically.If you would like to consolidate federal loans, the best place to do so is through the website.The free electronic application process does not require any processing, administrative, or consolidation fees – unlike many predatory loan consolidation companies. Research the company on the Better Business Bureau’s website ().