Has Anyone Consolidated Student Loans with cuGrad?(Posted by GaryMyMan on 6/3/13 at 11:19 am)
I was perusing my Credit Karma report when I saw this recommended to me for my enormous student loan debt. The loans are serviced by participating credit unions rather than NELNET or Sallie Mae. They advertise that rates are as low as 4.9% for a 15 year loan. Compared to the 6.8% I'm paying now with 9 years left on my repayment schedule I think I could save a good bit of money if:
1) I continue to pay the same monthly amount I already do.
2) The APR doesn't change - the contract says it can, up to 4 times per year.
So: should I mess with this or stick to the usual route?