Student Loan Consolidation?
Oct 23
Student Loans Q&A cit company, consolidation, interest rate, interest rates, loans, nelnet, private college, rebates, sallie mae, sm, student loan xpress, weighted average 2 Comments
I’m just about to graduate from a private college and have a good amount of debt (private and federal). I have been looking into consolidating with Sallie Mae (most of my loans are through them) and it seems like a good deal. However, I also get consolidation mailings from companies like NelNet and Student Loan Xpress and was wondering if anyone has dealt with them before. SM and the other companies all compute your interest as a weighted average so they seem pretty similar. Specifically, StudentLoan Express (a CIT company) says I can get a rebate AND deductions off of my interest rate when I do an automatic payment. I’m just wondering if anyone has used these companies and/or places with rebates. I don’t need too much detail with interest rates and such because I understand all of those things (finance major) but anything else would really help. Thanks!
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