Lenders?
C.P. asked:
Is it a good idea to have different lenders for my Loans, because I went to a different college. My new college doesnt have my Lender I used at my previous school.
Is it a good idea to have different lenders for my Loans, because I went to a different college. My new college doesnt have my Lender I used at my previous school.
It doesn’t really matter. Just remember to consolidate your loans when you graduate. Consolidating means that you get one big loan with one bank instead of a bunch of small loans with different banks.
If you consolidate, you deal with one bank and get a lower overall interest rate. You’ll save a lot of time and money by consolidating.
Good luck!
Go with the lender that provides you the best deal - no fees, and as many discounts (”borrower benefits”) as possible. If that’s the one you have currently, great. If it’s a different one, also great.
Hope this helps!
Christopher S. Penn
Producer, the Financial Aid Podcast
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