I’m sure similar question come up all the time and I’m new to this sub so I apologize. So here’s the details while obtaining my Bachelors in Business I accrued a few loans:
$7,706.00 in Direct Subsidized Federal loans with a interest rate of 4.1% $9,591.00 in Direct Unsubsidized Federal loans with interest rate of 4.1% $14,500.00 in Wells Fargo Student loan with an interest rate of 9.99% $15,300.00 from my local credit union with an interest rate of 7.25%
I have a regular paycheck of about $600 a week before taxes. Is it a good idea to consolidate my Federal loans? I’m thinking about finding another loan with lower interest to pay off the Wells Fargo loan. Is this a good idea? Is enlisting in autopay a good idea? Are there any good apps/websites you all would recommend?
Any other advice, warnings, etc. greatly appreciated.
Submitted May 01, 2018 at 06:45PM by sweetpeakat24 https://ift.tt/2Kt8psn
