Consolidating private student loans in default
In fact, Citizens Bank reports that its average customer saves 2 per month by refinancing!We don’t know about you, but we think that is a lot money for the average student loan borrower.In fact, the company has over 1,000 branches and 0 billion in assets.Within just a couple years, Citizens Bank has vaulted itself to the number 2 spot in the refinancing industry.You can choose a new term length of 5, 10, 15, or 20 years.
Finally, Citizens offers tons of educational resources on its website, including calculators for college savings and refinancing. Furthermore, you must have at least ,000 in debt to refinance and you must have made at least 3 on-time monthly payments post-graduation.
Through the company’s education finance division, Citizens Bank created the Education Refinance Loan.
The Education Refinance Loan was created to help students and graduates better manage their student loan payments.
Like So Fi, Citizens Bank offers both variable and fixed interest rate products to those looking to refinance student loans.
Variable rates start at 2.88% and fixed rates start at 3.20%.