Can I consolidate my student loan right before the grace period ends?

Question

I've still got about 5 1/2 months of grace left.

Answer 1

Yes, it's a good idea to consolidate right before grace ends, that way you can get all the benefits of your grace period (such as not paying!) yet still get the interest rate reduction of consolidating during grace. If you ask them, you can apply now and Sallie Mae will hold your consolidation application during your grace period and complete your application just before grace ends.

Be careful whom you consolidate with. Borrowers should consider customer service, flexible repayment options, online account access and applications, reputation and industry experience when selecting a lender.

Answer 2

Yes, you can consolidate right before your grace period ends, but do it using eSignature. If the application isn't complete and returned before the grace period ends, you will lose the grace period rate.

Good luck!

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Answer 3

I dont know if there are rules about that but I consolidated loans from a bunch of different places through ACS. They can roll all of your student debt together at under 4% interest. www.acs.com

Answer 4

the 1st element you would be able to desire to look at is who you borrowed your loans from. in case you have extra effective than one lender, p.c. the lender you enjoyed the main suitable. in case you only have one lender, verify with them approximately what you would be able to desire to do to consolidate your loans with them and what perks you would be able to acquire. you additionally can verify quickly with the economic help workplace of the school you graduated from to confirm a nicely-liked lender for consolidation applications. in case you p.c. to consolidate to fasten in the decrease interest value yet do no longer p.c. to start paying decrease back your loans, confirm with the lender you intend to consolidate your loans with approximately their coverage on an in college deferment - in case you're taking six hours a semester or term, you won't would desire to pay decrease back your loans yet will nevertheless lock in a useful value.

Answer 5

There are a lot of scholarships available. I suggest going to Google and conducting a search from there. I actually won a $5,000 scholarship about a year ago, and I recently found another contest by the same company for a $10,000 scholarship. It's free to enter, so there's no reason not to.

http://www.alllsite.info/scholarship.php

Good Luck!

Answer 6

Why It may cost more 2 do so - check. Different lenders, so?

Answer 7

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