[Anonymous]

Happy Saturday everyone.

I’m doing research on which company to consolidate my federal students loans and wanted to which companies provide great rates/customer service.

Nelnet currently owns my federal loans (nearly 90K) and a consolidation with the US Dept of Ed would be 6.125%. I feel I could better IMO.

I received an offer in the mail recently from SoFi and they offer fixed rates from 3.38 to 6.99 pending on different variables. Did some brief research on them and they seem to be a good reputable company.

https://www.creditkarma.com/reviews/student-loan/single/id/sofi-student-loan
https://www.nerdwallet.com/blog/loans/student-loans/sofi-review-student-loans/

They also claim to be the “#1 Student Loan Refinancing Provider” (as of 12/31/15)

I’m staying away from Navient at all costs.

Lastly, do you believe in in filling out one application to compare offers from other companies or is that putting out too much information? https://www.nerdwallet.com/blog/refinancing-student-loans/

Any input is appreciated.

[Anonymous]

I cannot tell you which the best choice is, but if you have multiple loans, keep in mind you don't have to consolidate the lower interest loans.

As for SOFI, they may offer great rates, but I just have to say their customer service is tricky. They will be friendly and try to treat you really nice, but they are sharks when it comes down to it.

[Author]

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