Kamana
Student Loan Refinance
Kamana has partnered with College Aid Direct to bring you refinance options to lower your student loan payments.
Private student loan consolidation or refinance is where you combine your private student loans or your private student loans and federal student loans into one student loan. Many lenders offer extended terms and lower interest rates than your in school loans. This option is best for those who have graduated, are working and have managed their credit responsibly. You can use this option to adjust your loan to your current condition and potentially refinance your loans to a lower rate.
There are no application fees or origination fees with these lenders.
It only takes a few minutes to apply. You could reduce your monthly payment and save money.
Student Loan Refinance Lenders
| LENDER | VARIABLE APR | FIXED APR | LOAN TERMS | MAX LOAN | |
|---|---|---|---|---|---|
|
5.25% – 14.00% APR 3 | 3.59% – 14.25% APR 3 | 5-15 YEARS | 125k |
Lender Disclosures |
|
5.28% - 10.24% | 4.99% - 10.24% | 5 -15 YEARS | 500k |
Lender Disclosures |
|
5.54% - 9.12% | 4.89% - 9.04% | 5 - 20 YEARS | UG 125k Grad 250k |
Lender Disclosures |
|
5.89% - 9.74% | 3.95% -9.74% | 1 - 20 YEARS | 500k |
Lender Disclosures |
Options to take under consideration:
- Fixed rate versus variable rate. Do you want to lock in the rate, while rates are low or do you want to take a risk on a variable rate since it is usually lower and you want to pay off faster.
- Shorter loan term versus longer term. Lenders offer rates from 5 to 20 years. Keep in mind the longer the term, the higher the rate.
- Private only versus Private and Federal. Please remember that federal loans do offer certain benefits and protections that do not transfer to a private loan. By refinancing your federal student loans to a private loan you will lose any federal benefits that may apply to you, including benefits like: deferment, extended forbearance, loan forgiveness, extended or income sensitive repayment and potential death and disability discharge.
- Cosigner versus no cosigner. Lenders usually look at the higher of the applicants credit scores. So using a cosigner with good credit will increase your approval odds as well as potentially getting a lower rate. Just remember cosigners are equally responsible for the debt.
- Federal Direct Consolidation is where you consolidate only your student loans from the government. You get a weighted average interest rate, so you usually do not save money by reducing your rate. However you can extend out your term from 10 years to up to 30 years. This is the solution, if you are looking to reduce your monthly payment and make one payment instead of numerous. You will pay more in interest over the life of the loan since you extended the term. You will also be able to maintain many federal benefits that private lenders cannot offer.
ABOUT US
Kamana:
Kamana is an online platform for nurses, allied health professionals, and healthcare staffing agencies to eliminate the inefficient and expensive processes used to fill jobs and find work. Kamana launched in 2019 with a focus on solving problems for the travel and per diem workforce, but the technology they are bringing to the industry is on track to modernize how healthcare credentials are managed and shared across the entire nursing and allied health community.
The company was born out of the personal frustrations one of their founders, John Modica, experienced throughout his travel and per diem nursing career. Having spent more than five years working travel contracts across the country, John witnessed first-hand how the inefficient technology being used to attract, onboard, and manage healthcare professionals is resulting in missed opportunities and financial waste for him, his staffing agency, and the hospitals that they work for.
For healthcare staffing agencies, Kamana provides a secure and mobile friendly candidate portal that offers real-time talent collaboration, efficient onboarding and profile management, automated credential management, streamlined communication, rapid candidate submissions, and more. Kamana brings operational efficiency into the day-to-day workflows of a staffing agency and brings a much needed improvement to the candidate experience a healthcare staffing agency is able to offer to the nurses and allied health professionals they seek to employ.
For nurses and allied health professionals, Kamana provides a single, secure, profile that can be used to manage credentials, onboarding, and relationships throughout every aspect of their career. A Kamana profile can be used directly in conjunction with, or completely independent of, a staffing agency that is using Kamana’s staffing software. The ability to efficiently use the same profile to manage relationships, onboarding, and documentation with multiple staffing agencies saves time and money on both sides. With Kamana, nursing and allied health professionals can put an end to repetitive and data-insecure applications and onboarding, and focus on the aspects of their career and life that matter most.
Learn more at www.kamanahealth.com.
College Aid Direct:
College Aid Direct was founded to help clarify and simplify the Higher Education Finance Process and educate consumers in the confusing world of higher education finance.
College Aid Direct is the educational site for Mathur Enterprise, LLC. Our CEO has helped thousands of students achieve their goals of attending college and then lowering their student loan payments after graduation. We love what we do and it shows. With more than 30 years of experience in the field, we know our industry like the back of our hands. There’s no challenge too big or too small, and we dedicate our efforts to helping educate every student we can.
Our goal is to help add clarity and offer solutions to meet your needs. We are here to help in your journey during school and beyond by providing tips on how to survive repayment.