I have over $32k in student loans that's already been consolidated. $30k of it was done at the rate of 6.88%. I am making the payments but just barely while most of it is going to the interest.
Is there a way to re-consolidate the loans to a lower rate?
If rates will drop in July, can/should I do it then?
Sub: #1 posted on Sun, 04/12/2009 - 19:05
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Couldn't I use that to pay off my student loan, and then make payments to this other institution?
I guess what I'm saying is, since IR is generally tied to the market, if it goes really low, wouldn't someone else eventually offer me a better deal?
I'm just trying to understand my options and how it all works, so I really appreciate it.
Sub: #2 posted on Sun, 04/12/2009 - 19:55
Sub: #3 posted on Sun, 04/12/2009 - 20:30
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Sub: #4 posted on Sun, 04/12/2009 - 22:29
Sub: #5 posted on Mon, 04/13/2009 - 03:54
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Thank for the response. At least now I know it is not an option most people can take. I appreciate it.
Sub: #6 posted on Mon, 04/13/2009 - 18:00
Sub: #7 posted on Mon, 04/13/2009 - 21:05
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Sub: #8 posted on Tue, 04/14/2009 - 05:49
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Sub: #9 posted on Tue, 04/28/2009 - 19:34
Sub: #10 posted on Sat, 11/28/2009 - 19:56