Consolidating student loans with the government
We used companies’ loan calculators, called their customer service agents (listening to the same 30 seconds of Vivaldi while on hold gets old fast) and read as much of the fine print as we could (there was a lot).Here’s what we found: Loan Limits Every student loan, whether federal or private, has a borrowing limit.The best private student loans offer low rates, rate discounts and a variety of incentives.We found Citizens Bank to be the best in our private student loan review. Private student loans can be confusing, but for many people they can help make college affordable.
For this reason, private student loans can have very high interest rates.Depending on your need, you may qualify for additional grants or subsidized loans.If you max out your federal student loans and still need assistance, you may want to think about getting a private student loan as well.Your financial situation might make it necessary to borrow money to pay for college.
This is a common situation, but it’s important that you research all of your scholarship, grant and loan options before getting a private student loan.
We did research on the top private student lenders and came up with some criteria by which you can judge which private student loan is the best for you.