Pros and cons of consolidating school loans


09-Aug-2020 22:47

There could also be financial rewards for holding multiple accounts at the same bank.Sun Trust, for example, would reduce your loan interest rate by 0.25% when you make payments from a Sun Trust bank account.Similar to when you are being sold any product or service, be sure to read the fine print understand what you are buying, and consult a licensed professional if you have any concerns.Student Loan Hero is not a lender or investment advisor.If losing a servicer isn’t a hassle you want to deal with, put a plus-one in the column for big banks that offer student loans.With that said, don’t discount attractive offers from other, lesser-known lenders.Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality and will make a positive impact in your life.We sometimes earn a sales commission or advertising fee when recommending various products and services to you.

Wells Fargo ( billion), PNC (.6 billion), Sun Trust (.5 billion), and Discover (

Wells Fargo ($25 billion), PNC ($7.6 billion), Sun Trust ($3.5 billion), and Discover ($1.2 billion) were among them, according to CNNMoney. Smaller lenders with shorter track records can’t give people the same comfort.

We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions.

The rates and terms listed on our website are estimates and are subject to change at any time.

This may simplify repayment if you are currently making separate loan payments to different loan holders or servicers, as you'll only have one monthly payment to make.

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Wells Fargo ($25 billion), PNC ($7.6 billion), Sun Trust ($3.5 billion), and Discover ($1.2 billion) were among them, according to CNNMoney. Smaller lenders with shorter track records can’t give people the same comfort.We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions.The rates and terms listed on our website are estimates and are subject to change at any time.This may simplify repayment if you are currently making separate loan payments to different loan holders or servicers, as you'll only have one monthly payment to make.

.2 billion) were among them, according to CNNMoney. Smaller lenders with shorter track records can’t give people the same comfort.

We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions.

The rates and terms listed on our website are estimates and are subject to change at any time.

This may simplify repayment if you are currently making separate loan payments to different loan holders or servicers, as you'll only have one monthly payment to make.

There may be tradeoffs, however, so you'll want to learn about the advantages and possible disadvantages of loan consolidation before you consolidate.

Just make sure to do the due diligence of reading the loan agreement.



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