Consolidating studentloans com
One other feature that distinguishes So Fi is the pause button for customers who lose their job.So Fi will put a hold on payments for three month stretches (up to a total of 12 months) and even help you go through the job hunting process.This will decrease the chances of accidentally missing a payment, and the lower payment will help you budget month-to-month.Student loan consolidation won’t strengthen your credit rating directly, but the benefits of consolidation can ensure your score continues to trend upward.The Federal Direct Consolidation Loan program starts with filling out an application and promissory note at this site.You will need your loan records and account statements.
Their website even states that the company wants people who “…Ideally, you would qualify for debt consolidation after graduation.However, you also could qualify when you leave school or are enrolled less than half-time.Online lenders So Fi and Lend Key have jumped to the front of the line among newcomers who are becoming big players in a business that traditionally was dominated by banks and credit unions.So Fi’s success is tied to innovative services that start with putting the entire loan application process online and making it fast. It takes just a few minutes to fill out the application and even less time – usually about two minutes – to receive an answer on whether you’ve been approved.
Before you commit, however, compare the Direct Student Loan Consolidation with the consolidation and refinancing programs available in the private sector.