Consolidating citi bank student loans
You can choose from the variety of options when you are going to college or university.There are education plans but they all vary from each school, state and even country. Consolidation provides grads with the ability to combine their student loans into one megaloan, but it comes with drawbacks. Along with gaining a new degree, many graduates will also leave campus with new student loan payments they'll have to fit into their post-graduate budgets.
What are the advantages of consolidating student loans with Key Bank?
If you're consolidating with the federal government, consolidating your loans means combining your multiple federal student loans into one new federal loan, called a Direct Consolidation Loan.
You have some flexibility in picking your loan term, but you'll simply receive an interest rate that's a weighted average of your existing rates.
Here's the rundown you need to determine whether student loan refinancing and consolidation is right for you.
First, what does consolidating student loans really mean?