If you have a wells fargo student loan, how do I lower the interest rate?

Question

I already consolidated my government student loans, but as to my knowledge these companys don't consolidate private loans.

Answer 1

Sallie Mae consolidates private student loans. Interest rates for private student loans are typically credit-based - they're not guaranteed by the gov, so they're much higher risk to the lender. If you want to lower the interest amount - you should get your credit in shape *before* consolidating and/or find a cosigner with good credit. The cosigner can be released after 24 on-time payments.

http://www.salliemae.com/after_graduation/manage_your_loans/consolidate_student_loans/private.htm

Answer 2

hi anthon, regrettably, there in all risk are no 6% inner maximum pupil loans available. With the top fee at 7.5%, even desirable credit could merely get you incredibly decrease than that. examine SallieMae's website under to get an entire itemizing of their expenses. they are going to be aggressive with all of us. sturdy success, Ken