Private student loan interest rate?

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 loans are different in different countries in the way they are devised, but then the common types of student loans available are the undergraduate loans, college student loans, private student loans and federal family educational loans. Most of the student loans are issued by the government generally with lower interest rates when compared with the regular loans. http://www.worldbestloans.com/student-loans.htm Student loan repayments are not made until the student completes his graduation. This facility helps him to concentrate on his studies and earn some little amount of money while he is studying, but repayment has to start once he finishes his education. There is a grace period of six months normally after the graduation, meant to be a cushioning period for the student to get into a job and start earning. Under certain circumstances, the federal student loans can be forgiven on an income contingent plan after 25 years. Also the payments are required to be paid off within a minimum period of time.