A consolidating

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And I am going to be straight with you: Private college loans are not ideal at any time, especially now, when many lenders have left the student loan business or curtailed their lending in the wake of the financial crisis. With a private loan consolidation, your FICO credit score will determine both whether you get a loan and what the initial rate will be.

I contacted student loan guru Mark Kantrowitz at Fin Aid.org, who says just three lenders still offer consolidation: Chase, Student Loan Network, and Wells Fargo. You should also know that there are no fixed rates on consolidated private loans; your interest rate will probably be tied to a benchmark like the prime rate, so when that rises, so will the rate on your loan.

The current bias seems to be neutral above $0.1950.

We need to wait for an upside break towards $0.2150 for the next major move in the near term.

If the pair continues to rise toward $730, it would be interesting to see the next move.

Last modified 12-Dec-2017 12:37