Is it difficult to refinance a student loan?

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Is it difficult to refinance a student loan?

2006-06-05 12:07:11 · 3 answers · asked by pumpkin 1 in Education & Reference ➔ Higher Education (University +)

3 answers

When you consolidate, the rate is locked in at today's rate (which is due to rise 2% next month). You can do it online or on the phone with nelnet.com, takes about 15 minutes.

2006-06-05 14:01:17 · answer #1 · answered by Anonymous · 0⤊ 0⤋

Oh- but if you're thinking about consolidation, do it NOW. Rates on federal loans are going up July 2 if I'm not mistaken. Consolidating now will lock in the lower rate.

2006-06-05 13:44:38 · answer #2 · answered by Emmature 3 · 0⤊ 0⤋

As of now you can not refinace a student loan. you can consolodate them when you are done with all of your schooling but you can not refinace them. That is one of the rules that the gov't has set.

2006-06-05 12:26:09 · answer #3 · answered by Matthew M 1 · 0⤊ 0⤋