Private student loan interest rate?

Let’s learn private student loan interest rate. The most accurate or helpful solution is served by Yahoo! Answers.

There are ten answers to this question.

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Get a lower interest rate on student loan?

i consolidated about a year ago and have been in the process of clearing up some of my other debt, i want to get a lower interest rate, sallie mae won't do it because it is a fixed rate, my rate is more than double some people i know. can i take my principle balance somewhere else and refinance at a lower rate? where?

Answer:

Student loans are meant to help students who are unable to bear their educational expenses. Student...

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Other solutions

Is it better to take a fixed interest rate or variable interest rate private student loan in this year (2013)?

I am just curious, now that Obama has signed the bill for lowered interest rates, whether fixed rate student loan or variable rate private student loan is cheaper or not. I don't know how one can logically make the best possible choice in this year,...

Answer:

To compare a variable rate with a fixed rate requires modeling how the variable rate will change over...

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Mark Kantrowitz at Quora Mark as irrelevant Undo

How can I get rid of my private student loan and switch to a federal loan with a lower interest rate?

I have a total of about $27,000 in private student loans through Sallie Mae with a 9% interest rate . Is it possible to find a federal loan to cover the previous amount I've borrowed and close my Sallie Mae account? I am still in school (I'm a junior...

Answer:

Call the US Department of Education because sometimes they will buy your loan off and then you can pay...

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beejean3... at Yahoo! Answers Mark as irrelevant Undo

Interest rate increase on private student loan?

I applied for a sallie mae private student loan and got approved but it says that there is no limit to how much the interest rate can increase. Does that mean that the they would increase the interest rate absurdly high or will it stay somewhat reasonable...

Answer:

Good question. Private lenders can generally charge whatever interest rate the market will bear. That...

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iak2007 at Yahoo! Answers Mark as irrelevant Undo

I have a private student loan with a high interest rate of 11 percent. Where can I consolidate?

I have a student loan thru astrive, but their interest rate is outrageous. I need to find out where I can consolidate the loan or how I can make it interest free while I am on school. Please help.

Answer:

CFI

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Mrs. Marcus at Yahoo! Answers Mark as irrelevant Undo

Private Student Loan(full deferall)..Good interest rate?

What is a good yet reasonable interest rate for a private student loan for 30k? I intend to start paying it off after I graduate. Everytime I apply for a loan I'm getting ridiculously high rates..one was charging me 9% monthly!....best so far was %8...

Answer:

that is a HORRIBLE, THIEVING interest rate, you will be absolutely buried by that if you do not come...

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mohit062... at Yahoo! Answers Mark as irrelevant Undo

Anyone know of a private student loan that has fixed rate interest?

I need to borrow about 17,000 this year. I also want to start paying the interest off right away. Is this a good idea?

Answer:

The previous reply is incorrect. Private student loans are almost always a bad idea, unless you find...

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ChiChi at Yahoo! Answers Mark as irrelevant Undo

My student loan interest rates are killing me! Are there any options to lower my interest rate?

After college I decided I wanted to have all my loans in my name only (ie. not tied to my parents anymore) so I took out two consolidation loans from Sallie Mae, one for my federal loans and one for my private. Unfortunately, I did this at the exact...

Answer:

You can ask Sallie Mae for a reduction in your interest rates, or you can try to consolidate with another...

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Sam D at Yahoo! Answers Mark as irrelevant Undo

What should I do first, pay off my $16,000 car loan that has a 4.5% interest rate, or pay off my $2,600 student loan that has a 6.5% interest rate?

My only concern is that since 4.5% of $16,000 is more than 6.5% of $2600 wouldn't I save more money by paying off the car loan first? I do currently pay the minimum payment on both loans, but I have some extra money so I thought it'd be smart to pay...

Answer:

Student loans follow you around for the rest of your life (you can't dodge them through bankruptcy protection...

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David Cannon at Quora Mark as irrelevant Undo

Answer:

Keep in mind how a variable interest rate works... At various times (how often is explained in the promissory...

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yahoogal at Yahoo! Answers Mark as irrelevant Undo

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