Consolidating grad school loans

Posted by / 02-Sep-2019 12:51

Consolidating grad school loans

Enrolling in autopay is not required to receive a loan from So Fi. To check the rates and terms you qualify for, So Fi conducts a soft credit inquiry.Unlike hard credit inquiries, soft credit inquiries (or soft credit pulls) do not impact your credit score.Loan products may not be available in certain jurisdictions.

The variable interest rate is calculated based on the 3-Month LIBOR index plus the applicable Margin percentage.

Department of Education makes Direct PLUS Loans to eligible parents and graduate or professional students through schools participating in the Direct Loan Program.

Important: Most schools require you to apply for a PLUS loan online at Student Loans.gov, but some schools have different application processes.

To be eligible for this assistance, you must provide proof that you have applied for and are eligible for unemployment compensation, and you must actively work with So Fi Career Services to look for new employment.

If the loan is cosigned, the unemployment protection applies where both the borrower and cosigner lose their job and meet conditions.

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At Nerd Wallet, we strive to help you make financial decisions with confidence. There are three main types of graduate student loans: federal direct unsubsidized loans, federal Grad PLUS loans and private student loans.