Consolidating student loans in 2016
In addition, So Fi also offers unemployment protection, which will come in handy when you lose your job.
If your job is lost, So Fi will suspend your payments temporarily to help you get back on your feet and start earning an income once again.
In the following sections, we will go over the refinancing and consolidation lenders in the industry and what they offer.
This post is the result of extensive research into the best options and compares the 9 most common online consolidation and refinancing choices.
While going to college is surely something to be proud of, and is a great investment in your future, most students and their families are unable to pay for it out-of-pocket.
After all scholarships and grants have been exhausted, the next option is student loans.
These companies are all reputable private or federal companies that accept online applications.
If I have missed any companies please let me know and I will add them to this comparison post.
The company offers both fixed and variable interest rates.
In fact, you will find that you can easily and quickly apply over the Internet with an approval in as little as 15 minutes.
So Fi allows you to consolidate both your private and federal student loans and the company helps members save roughly ,000 or so over the course of their loan.
The variable interest rate ranges from 2.59% to 8.38% APR.
The fixed interest rate ranges from 4.74% to 8.24% APR.