Private College Student Loan

What is the best bank/financial institution for student loan consolidation ...and should I wait?

I'm looking to consolidate my student loans. All my loans right now are NJ CLASS loans and are at around 6.1% ...which is low, but in this climate I'm certain I'll be able to find lower than 5%. I'm interested to know what are the best banks/financial institutions to work with (from your experience and knowledge), and should I wait for rates to go lower? I know rates are going down, and fast... how long do you guys feel I should hold-out for? I'm pretty sure credit scores factor in, but in any case I'm certain it's "good" to "excellent" (I haven't actually checked but I have no outstanding credit card debt and I'm 99.999% on time/early with payments on all my credit lines).

Public Comments

1. Depends on whether your loans are Federal or private. Only private student loan firms will check your credit. You can use a website such as https://www.bills.com/studentloans/loan/, to find multiple lenders who would be willing to work with you.