Consolidating federal student loans sallie mae online guyanese dating sites

*Greylock Federal is compensated by Sallie Mae for the referral of Smart Option Student Loan member/customers.

But you may benefit even more if you consolidate your student loans at the new rates, which will be in effect for a 12-month period through June 30, 2003.

(Rates are set every year on July 1.) The beauty of consolidation is that you lock in one fixed rate that is based on an average of your loans' current rates.

You're even free to pay more than the required monthly amount if you wish.

That's because with consolidated federal loans, "there is no prepayment penalty," Holler said.

That way you no longer worry about paying more when interest rates climb, which is an inherent risk of variable-rate loans such as the Stafford or PLUS.

Generally speaking, people consolidate their student loans for one of two reasons: To lower their monthly payments or to save money over time.Now is the time to take control of your student loans with a Student Choice Refinance Loan from Greylock!Dealing with making payments on several student loans is stressful.Once the new rates take effect July 1, the in-school rate will be 3.46 percent.Consolidating at the in-school rate is highly advantageous, but once you consolidate you must begin making payments immediately.Doing so, however, means you will pay more in interest in the long run since you will be making payments over a greater length of time.

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