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Message
re: Student loan consolidation
Posted on 12/19/14 at 11:03 am to Rust Cohle
Posted on 12/19/14 at 11:03 am to Rust Cohle
As far as the tax deduction for student loan interest, no difference between private and government backed.
I don't use sofi (I consolidated my loans back in 2005 and my interest rate is 1.62% fixed). But I have friends and clients who have applied. It seems like the reject rate is pretty high - you have to have really good credit and stable income.
BUT... for those few people that have made it through... they absolutely love it. They say the service is great. Most of them did save at least a couple of points in interest.
I don't use sofi (I consolidated my loans back in 2005 and my interest rate is 1.62% fixed). But I have friends and clients who have applied. It seems like the reject rate is pretty high - you have to have really good credit and stable income.
BUT... for those few people that have made it through... they absolutely love it. They say the service is great. Most of them did save at least a couple of points in interest.
1
Posted on 12/19/14 at 8:38 pm to LSUFanHouston
Really, the whole process only took me about a month to complete.
Wish I could have a 1.62% fixed interest rate, must be nice.
Wish I could have a 1.62% fixed interest rate, must be nice.
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