Here's some basic information to get started!
Positives of Consolidation:
- One servicer, one bill, & one payment
- Can lower your monthly payment
- Fixed interest rate
- Can make loans that were not eligible for PSLF or Pay As You Earn eligible
Cons for Consolidation
- More years of repayment
- More interest to pay
- Loss of loan incentives
- Resets PSLF Qualifying Payments
So let's talk and schedule your risk free consultation today!
And remember--if I don't save you $5,000*, you pay nothing!
*Loan term must be 120 months or more with a minimum balance of $5,000. $5,000 is determined by greater of money saved on interest by refinancing or , total monthly payment through changing of repayment plan or projected forgiveness amount.
Depending on income, cosigner may be required. All refinancing decisions made by Darrien Rowayton Bank (DRB). Student Loan Insider (SLI) is not an agent of DRB nor is involved in any credit decisions. All forgiveness, consolidation, and repayment plan changes are done through the Department of Education. SLI has no special access to or is not affiliated with the DOE. Any changes to loans are through programs offered free of charge by DRB or the DOE. The fee rendered is for paperwork assistance and/or consultation of the borrower’s individual situation. If federal loans are refinanced, federal protections will be lost. SLI has a financial interest in loans refinanced by DRB.