Consolidating personal school loans
APRs for variable rate loans may increase after origination if the LIBOR index increases. The So Fi 0.25% Auto Pay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account.The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.The picture painted by these statistics is clear: Many borrowers are in over their heads with student loan debt and are looking for relief.Student loan consolidation or refinancing can be a great tool to save on, or simplify, your monthly payments.*To check the rates and terms you qualify for, So Fi conducts a soft credit inquiry.
And you can refinance anything from ,000 to whatever crazy high number your student loans are.
Why it’s worth a look: The fixed rates between 5.74% and 8.49% Discover Student Loans Disclosures 1.