Student Loan Repayment Silver City NM

Local resource for evaluating student loan repayment information in Silver City. Includes detailed information on local businesses that provide access to student loan repayment information, student loan forbearance, student loan deferment and student loan forgiveness, as well as advice on student loans and student loan debt.

Bank of America - Silver City Motor Branch
(800) 432-1000
119 11th Street
Silver City, NM
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided By:
Bank of America - Silver City Main Branch
(800) 432-1000
1203 North Hudson Street
Silver City, NM
ATM Fees
monthly fee: Monthly service fees range from $0 to $25.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.00 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Activity Download, Free Checks, Unlimited Checks

Data Provided By:
Bank of America
(575) 388-1903
119 W. 11th Street
Silver City, NM
Type
Banking Center

Bank of America - Bayard
(575) 537-3337
608 Winifred St
Bayard, NM
Type
Banking Center
Services
Banking Center Services: Change Order, Commercial Deposits, Night Deposits, Drive Up
Outdoor ATM Services: Open 24 Hours, Talking ATM, Braille, Accepts Deposits, Deposit Image
Languages
English, Spanish, Chinese, Korean, French, Russian, Portuguese
Office Hours
Monday 9-12
Tuesday 9-12
Wednesday 9-12
Thursday 9-12
Friday 9-12
Saturday Closed
Sunday Closed
Drive Up Hours
Monday 12-4
Tuesday 12-4
Wednesday 12-4
Thursday 12-4
Friday 12-5
Saturday Closed
Sunday Closed

Fort Bayard Fed Credit Union
(575) 537-3014
1 Main St
Fort Bayard, NM

Data Provided By:
Wells Fargo - Silver City Main Branch
(866) 245-3452
1201 N Pope Street
Silver City, NM
ATM Fees
monthly fee: Monthly service fees range from $0 to $30.00. See institution about how these monthly fees can be waived.
ATM fee note: There is a $2.50 fee each time you use a non-affiliated ATM.
Services
Mobile & Text Banking, Debit Reward Programs, Overdraft Protection, Email Alerts, Online Bill Pay, Free Checks, Unlimited Checks

Data Provided By:
Bank of America - Grant County
(575) 388-1903
1203 N. Hudson St.
Silver City, NM
Type
Banking Center
Services
Banking Center Services: Change Order, Commercial Deposits, Night Deposits
Outdoor ATM Services: Open 24 Hours, Talking ATM, Braille, Accepts Deposits, Drive Up, Deposit Image
Languages
English, Spanish, Chinese, Korean, French, Russian, Portuguese
Office Hours
Monday 9-4
Tuesday 9-4
Wednesday 9-4
Thursday 9-4
Friday 9-5
Saturday 9-12
Sunday Closed

Wells Fargo - Silver City Main
(575) 956-1501
1201 N Pope St
Silver City, NM
Type
Branch
Office Hours
Mon-Fri 09:00 AM-06:00 PM
Sat 09:00 AM-01:00 PM
Sun Closed

Chino Federal Credit Union
(575) 388-2511
2290 E Superior St
Silver City, NM

Data Provided By:
New Mexico Student Loans
(800) 279-5063
Po Box 27020
Albuquerque, NM
 
Data Provided By:

Student Loan Consolidation

Student Loan Consolidation - Info

Chances are if you attended college that you probably are left with some sort of student loan debt. Each year you take out loans, it is a new and unique loan that helps pay for your tuition and living expenses. When it is all said and done, though, one of the best ways you can save money is through student loan consolidation. In a student loan consolidation you get a loan that pays off, in full, all of your previous loans so that you have one loan locked in.

Student loan consolidation is a mystery to many college students and graduates. The truth is, though, that consolidating loans can save you a lot of money. In addition, you can pay off your debt faster so that your college years are not chasing you into your retirement years. What a relief loan consolidation provides students with.

There are plenty of ways you can get a loan consolidation. You can borrow from the federal government, a bank, or a private lender, but no matter what you choose to do; consolidation will go a long way in getting you out from under your college debt. The idea is to be making only one payment per month so that you can both pay your debt off faster and with lower monthly payments than you might have ordinarily.

Student Loan Consolidation for Current Students

It is a fact that almost two thirds of all college students graduate with some level of student loan debt. The average debt approaches 20,000 dollars. That means there is an entire population of young people with serious debt and no education about how to deal with it. Most do not know it, but the truth is that many of those students would be well served to consolidate those loans while they are still in school.

Despite what many believe, student loan consolidation does not have to wait until after college. In fact, there are many benefits to be had by consolidating while you are still in school. Consolidating student loans while in school can actually lessen the debt before you even start paying it off. That, though, is just the beginning.

Another advantage of consolidating student loan debt while still in school is that you avoid any future hikes in interest. In July of 2006, the interest rates for federal student loans went up drastically. There is nothing to prevent such hikes from taking place again. The sooner your debt is consolidated and locked in, the less likely you are to be a victim of a quick rate hike.

As with anything, you should make sure that consolidating student loan debt before you graduate will work for your specific situation. In most cases, though, it is a good and sound financial move. Lightening your debt before you are even paying it off is a big benefit. In fact, it can be the difference in paying off your loans in 10 years or 30 years.

Benefit Beyond Repayment with a Credit Boost

Consolidating your student loan debt can do more than just reduce your long-term debt. The fact is that a consolidation can help you increase your credit score over the course of the loan. That, in turn, will help you buy a better car, get the home you want, or end up with a lower rate credit card. How, though, is it that a consolidation of student loan debt can help you raise your credit rating? Consider some of the credit rating measures used by the reporting agencies.

First of all, the more open accounts you have the lower your score will generally be. Over your student life, you will take out as many as 8 loans to pay for your education. Each of those is listed as a separate account with its own interest, payments, and principal. When you consolidate, you are closing those accounts down to one account. So instead of 8 open accounts, you have one. That right there will help you score.

Secondly, you will have lower payments after you have consolidated your student loans. When the reporting agencies figure your credit score, they do so by looking at what your minimum monthly payments are. Instead of having several payments per month for your student loans, you have one payment that is less than the sum of those old payments. Again, the consolidation helps your score.

As a final point, you are improving your debt to credit ration. When your score is figured, the reporting companies will check your debt by looking at available credit versus credit used. When you have more credit available, but less used (like when you consolidate student loan debt) then you are looking at a higher score. So, if for no other reason, consider consolidating to help your credit score.

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