Citibank consolidating student loans

If approved for this benefit, the lender will put the borrower's loans into forbearance, suspending their monthly loan payments.Unpaid interest will continue to accrue and will be capitalized (added) onto the borrower's principal balance.Fixed-rate loans often have higher rates than the introductory rates on variable loans.However, borrowers have peace of mind knowing their monthly payments will always be the same amount.

Unless indicated otherwise, values shown are over the lifetime of the loan.Student Loan Hero is not a lender or investment advisor.We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions.Some lenders will permit the refinancing of those Parent PLUS loans from the parent's name into the name of the child/graduate.Indicates whether or not the lender allows loans that were previously in default, but have now been rehabilitated, to be refinanced.

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