Variable interest rates are based on market conditions, so if market rates go up, so do your interest rate and monthly payments.Fixed interest rates stay the same over the life of the loan. Your interest rate will be determined by several factors when you apply, most importantly your credit history and that of your cosigner, if applicable.Loan forgiveness is available in the event of the death or total and permanent disability of the student who borrowed an underlying loan that has been consolidated.The amount forgiven will correspond to the outstanding balance of any underlying loan(s) made to the student borrower.When you consolidate multiple student loans or refinance a single student loan, you may receive a lower monthly payment with a reduced interest rate or an extended repayment term.Keep in mind that extending your repayment term may increase the amount of interest you pay over the life of the loan.Until we notify you that your loans are consolidated, you’ll need to continue making payments on all your separate loans.loan allows you to consolidate multiple private student loans or refinance a single private student loan.
Keep in mind that extending the repayment term may increase the amount of interest you pay over the life of the loan.Variable interest rates are based on an Index, plus a margin.The APR for a variable rate loan may increase during the life of the loan if the index increases. Rates are current as of 01/01/2018 and subject to change without notice.The cosigner doesn’t have to be a relative; he or she can be any adult who meets the eligibility requirements.
Most borrowers will need a cosigner for this loan to meet credit, employment, and debt-to-income requirements.
Learn more about how to take advantage of both student loan discounts. The lifetime limit for this loan combined with all other education-related debt is 0,000.