Consolidating plus student loans

by  |  20-Sep-2019 08:26

Using student loans to pay for could cost you a whole lot more.

The average college graduate in 2016, who took out student loans, owes $37,172, a 6% increase from 2015.

When you consolidate multiple student loans or refinance a single student loan, you may receive a lower monthly payment with a reduced interest rate or an extended repayment term.

Keep in mind that extending your repayment term may increase the amount of interest you pay over the life of the loan.

So what are the Parent Plus loan interest rates that exist today?

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