Direct student loan consolidate loanstudent consolidating
So Fi actually hired the former Assistant Dean for Career Services at a top MBA school to lead its career services division.
Their thinking seems to be that they will make more money by investing in borrowers who lose their job, rather than spending the money on collections.
If the loan is not on the list, you can be assured that it is a private loan.
So Fi functions differently than the standard big bank approach to student loan consolidation and refinancing.
Students are eligible for ,500 to ,500 depending on grade level and dependency status. *Note: If you receive a Direct Subsidized Loan that is first disbursed on or after July 1, 2012, and before July 1, 2014, you will be responsible for paying any interest that accrues during your grace period.
If you choose not to pay the interest that accrues during your grace period, the interest will be added to your principal balance. The PLUS Loan is for a parent with a dependent, undergraduate student who is enrolled at least half-time.
The So Fi Advantages So Fi offers some of the lowest interest rates…
As a result, qualifying for a So Fi loan isn’t easy.
Students can receive a six month grace period for repayment. When you consolidate, you will only have to make one payment towards your federal loans each month and the amount of time you have to repay your loan will be extended, depending on the total amount of your education debt.Consolidating may also help you avoid default if you are delinquent.To learn more about consolidation, please visit Federal Student Aid’s website or log in to Student to apply directly.Unsubsidized Federal Stafford/Direct Loans: must be repaid. Students are eligible for 00 to ,500 (less any subsidized amounts received for the same period), depending on grade level and dependency status. Parents must also pass a credit check to determine eligibility.
Borrower is responsible for interest during the life of the loan. Repayment begins on the day of disbursements; options available to defer payments while student is enrolled at least half time.Please note: All students must complete the Free Application for Federal Student Aid (FAFSA®) to determine eligibility for the following programs. Department of Education pays interest while borrower is in school and during grace and deferment periods.