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Fed and Private Loan Refinance or Consolidate?

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I have 5 years left on my graduate school loans. What should I do to lower the interest rate?

Fed Stafford Loan interest rate 4.8%
Private Loan (with Sallie Mae) interest rate is 5.75.

Thanks.
John




Have you consolidated your staffords? Really not much you can do about lowering your rate...1/4% can be taken off for autodraft with consolidation. Private loans? Your rates are already pretty good.

Sub: #1 posted on Thu, 11/22/2012 - 05:44

SOAPLADY SOAPLADY
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Would doing a Home Equity loan give me better rates?

Sub: #2 posted on Thu, 11/22/2012 - 10:44

snkblls snkblls

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If would depend on your credit. But it is not a good idea for federal loans. You loose all your federal loan perks.

Sub: #3 posted on Thu, 11/22/2012 - 10:57

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