What Does Loan Consolidation Actually Do To Your Sallie Mae Loans?
If i have over 100,000 is loans with Sallie Mae at 8% interest (I think) what will they do to if they are consolidated?
If i have over 100,000 is loans with Sallie Mae at 8% interest (I think) what will they do to if they are consolidated?
Student loan consolidation does exactly what the word implies: it collects all your student loans into one “bucket” so you make a single loan payment.
What, exactly, happens to your interest rate depends on the terms and conditions of the individual loans. However if your loans can be consolidated, all of that will be clearly spelled out in the repayment information.