Consolidating fixed loans

Lastly, So Fi has a customer service team that is dedicated to helping you from the moment you voice an interest in the company.

No matter what type of support you need, their customer service team will walk you through the process.

In addition, So Fi also offers unemployment protection, which will come in handy when you lose your job.

If your job is lost, So Fi will suspend your payments temporarily to help you get back on your feet and start earning an income once again.

When consolidating and refinancing your student loan, you have the option of a 5, 10, 15, or 20-year repayment term.

Citizens Bank states that they save their customers, on average, $140 per month when they refinance their loans.

While going to college is surely something to be proud of, and is a great investment in your future, most students and their families are unable to pay for it out-of-pocket.

After all scholarships and grants have been exhausted, the next option is student loans.

There are two options for rates, which include a fixed interest rate that ranges from 3.375% APR to 6.740% APR.

The variable interest rate option ranges from 2.565% APR to 6.490% APR.

In fact, rates for a 5, 7, and 10-year term with a variable rate is capped at 8.95% APR while a fixed rate is capped at 9.95% APR.

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