Re: College Loan Consolidation
Well! It actually is better for me to go with my husband's loan company. They allow deferment during school, consolidation into current consolidated loans with new loans, discount for 36 months of timely pay, and a discount for automatic debit.
That's great for us! They also said the application comes with an agreement from them that they will never sell our loans to another company. I am just waiting on the application to read the fine print!
The interest rate is 3.75, I think. I will have to look at the paperwork again. The only downfall is that my husband's loans are not enough to consolidate alone. He has about $6,000 or so, and most companies want at least $10,000.00. Total though, our loans will only be around $25,000.00. That's great! And we can pay on the principal while he's in school.
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