I want to know if there is a way to refinance my student loans? I graduated in 1993 and have since consolidated my loans. I'm currently paying 9% interest on these loans. I don't know what the current rate is on student loans, but I know it's alot lower than 9%. Why can I refinance my home, my car, consolidate my credit cards, but can do nothing with my student loans?
2007-01-15 04:45:17 · 4 answers · asked by Jim C 5 in Business & Finance ➔ Other - Business & Finance
You may want to try nelnet at nelnet.net they have several different plans to choose from and will consolidate several student loans into one. That's who I went with and it's working out pretty nicely. I don't know what interest I'm paying, but my payment is really low, less than 50 bucks a month. My payment goes up every couple of years, but it's ok, it doesn't go up by too much. Hope this helps.
2007-01-15 04:56:02 · answer #1 · answered by flisagrose 2 · 0⤊ 0⤋
Now that each and each and every one federal student loans have a collection pastime price, the purely causes to consolidate a private loan are to help with default topics, have all of your loans with one lender or take earnings of a few repayment incentives (ie in case you autodebit, get carry of .25% off your month-to-month funds, etc.). otherwise, it would not help the student or be certain borrower.
2016-12-02 07:42:25 · answer #2 · answered by ? 4 · 0⤊ 0⤋
You CAN consolidate your student loans! Call your Sallie Mae (or whoever) customer service number & tell them what you need to do.
If you let your loan get a little behind, they will call you...and do anything they can to get you current & able to pay - *hint*hint* (a little behind will NOT affect your credit rating (30 days).
2007-01-15 04:54:13 · answer #3 · answered by mustanglynnie 5 · 0⤊ 0⤋
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2007-01-15 05:19:48 · answer #4 · answered by rai t 2 · 0⤊ 0⤋