Consolidating undergraduate graduate loans
Quick application process: College Ave will pull all your existing loan information from your credit report, so you don’t need to find the paperwork on your servicer’s website, making the refinancing application process quicker and easier Flexible repayment terms: With College Ave, borrowers can choose the loan repayment term that works best for them, as long as it’s between five and 15 years.
For instance, a three year term might mean your monthly payments are too high, but a 10 year term would extend your repayment period for too long, bringing up your interest.
You have to manually apportion between the two. For example, if you consolidated learn is for 0,000,000 for undergrad, ,000 is for grad.
For loan balances below 0,000, EDvestin U borrowers or cosigners must meet a minimum gross income requirement of ,000.
A: Remember to: * Private student loans should be used as supplemental funding after exhausting all other sources of financial aid, including grants, scholarships, and federal student loans.
Federal loans offer more attractive terms when compared to most other borrowing options, including private student loans.
Some newer lenders allow you to, for example, choose your exact loan term and monthly payment amount or donate money to a nonprofit.
Citizens Bank has instead chosen to offer the standard term options available from most refinancing lenders College Ave helps borrowers refinance existing federal or private student loans, or borrow a new private student loan to cover their college costs.