With such a high interest rate for student loans, XLS beneficial to lower rate?
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Written on: 26.11.2009 [15:33]
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Nina
Nina
Topic creator
Posts: 8
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I have noticed how much of my wages actually just goes back to paying back my federal loan, and yet it hardly makes a dent in the amount I owe due to the interest rates for student loans. XLS offers student loan consolidation and they advertise that as the rate is so low at the moment you could get a lower interest meaning you pay off the loan quicker. Is this true? I have about 25,000 left on my loan, and I am sure I meet all the other requirements that they have, but I want to make sure that it is the right decision. Has anyone else ever used them? Can anyone recommend them? |
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Written on: 28.11.2009 [17:04]
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Lena
Lena
Posts: 3
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Its obvious that they would not do this out of the goodness of their hearts, so they are bound to be getting something from you. Even if they offer you a lower rate I would say you are missing something. Check the small print, take it to a financial advisor see what they think. |
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