james roday and maggie lawson dating - Lowest interest rate for consolidating college loans

Discounts reduce the amount of interest you pay over the life of the loan.

Your interest rate options will be presented to you during the application process, at which point you can choose between a specific variable interest rate and specific fixed interest rate.

Once you apply, a private student consolidation loan application usually takes 45 – 60 days to process.

However, a cosigner is not required in order to apply.

A cosigner is someone who shares responsibility with the borrower for repaying the loan.

Finally, the cosigner needs to sign a consent form agreeing to be removed from the loan.