Start Consolidating student loans get lower interest rate

Consolidating student loans get lower interest rate

All of these lenders (except Discover) also allow you to check your rate without impacting your score (using a soft credit pull), and offer the best rates of 2018: You should always shop around for the best rate.

However, make sure you include the following in any decision: Many lenders have no fee, which is great news.

If there is an origination fee, you need to make sure that it is worth paying.

If you plan on paying off your loan very quickly, then you may not want to pay a fee.

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But there is a reason: you end up taking all of the interest rate risk. So, we know that interest rates will go up, we just don’t know when. Just remember, when rates go up, so do your payments.

And, in a higher rate environment, you will not be able to refinance to a better option (because all rates will be going up).

But, if you are going to be paying your loan for a long time, a fee may be worth paying.