Best bank for consolidating student loans
While I think refinancing is overused, in the case of student loans it is becoming more of a need for consumers, particularly those with private student loans.We’ve said this countless times, but we’ll say it again: federal loans are great for the consumer.Note: Once you've selected your city, state and country of residence, we'll make sure you return to the appropriate regional information on our site in the future by generating a cookie.
There are two types of consolidation loans: federal and private, and they each come with distinct advantages and drawbacks.Visit your local BB&T financial center to speak with a friendly, experienced BB&T lending specialist about finding a debt consolidation loan with rates and terms that meet your needs.Or, if you're thinking about using a home you own (or other real estate) as collateral, a BB&T Home Equity Loan or Line of Credit may be right for you.So Fi, a student loan company based in San Francisco, will also refinance government loans.So Fi has refinanced 0 million in student loans since 2012.
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It takes borrowers an average of 21 years to repay their student loans, while 28% of students are in default (or miss payments for 270 days or more) within five years of entering repayment.