Advice on consolidating student loans
Long story, short, they were able and did so very quickly allowing me to keep the payment flexibility I love with Earnest while getting a better fixed rate. Earnest lowered my fixed interest rate, shortened my payoff date and provided me 0 for transferring my student loans. With that being said, I felt that my rate wasn't as low as possible.I work for a financial institution; here, the highest effective score is 710.
The blended interest rate is determined by calculating the weighted average interest rate of the original loans (meaning higher balance loans have greater impact).I previously had my loans at So Fi, but I heard of Earnest through a friend and I decided to look into them.I found that they were super easy to deal with, have very flexible terms, and amazing interest rates. After some time, I decided to shop around for some lower interest rates, and Earnest offered to lower my interest and match what the competitors were giving me!Now, I am finally able to see light at the end of the tunnel with my student loans!
I have had to contact customer service for a few questions that I had.
I had been trying to consolidate my federal and private loans for years, at least 8 to be exact, and until I found Earnest it was impossible to do so.