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Started By
Message
Refinancing Federal Student Loans
Posted on 4/9/12 at 8:56 pm
Posted on 4/9/12 at 8:56 pm
I graduate Med School in may. Are there any options out there for lowering my interest rate from 6.8%?
6
Posted on 4/9/12 at 9:01 pm to EhSeeJay
Ive been getting several emails from fed loan recently but they only lower it by 0.5%. Just be careful. If you combine them with other debt you will have a hard time qualifying for repayment programs. Wish I could find a better refinance rate...
Posted on 4/9/12 at 9:05 pm to EhSeeJay
It depends on who your loans are from, but guessing its a stafford and I don't think you can or the benefit is smalll ... I'm fixing to embark on this debt myself...and not looking forward to it
This post was edited on 4/9/12 at 9:08 pm
Posted on 4/9/12 at 9:10 pm to greenhead11
6.8% is terrible. I'm going to be paying this off for 20 years
Posted on 4/9/12 at 9:21 pm to EhSeeJay
Not sure if you happened to notice our government has a spending problem. They look at you as investment, and think "man he really needs this money (supply/demand). With this money he is going to make a shite ton more money later on in life to pay it back". Let's frick with him a 6.9% interest rate. When they themselves only pay 3.2% on a "30 year loan"
After learning too much about numbers the math reasons why i shouldnt go to medical school has almost become more compelling than the benefit of "saving others"
After learning too much about numbers the math reasons why i shouldnt go to medical school has almost become more compelling than the benefit of "saving others"
Posted on 4/9/12 at 10:28 pm to EhSeeJay
It isnt that bad. Primary care fields have loan repayment programs and most specialties make enough to pay it off quickly.
Posted on 4/9/12 at 10:42 pm to EhSeeJay
Congrats on getting through med school. 
Never had the brains or the balls to even attempt something like that.
Never had the brains or the balls to even attempt something like that.
Posted on 4/9/12 at 10:43 pm to EhSeeJay
Do people actually fail med school?
Just would seem weird since you have to be so good on everything and go above and beyond to get in. It would seem that process would do an outstanding job on weeding out the weak willed.
Just would seem weird since you have to be so good on everything and go above and beyond to get in. It would seem that process would do an outstanding job on weeding out the weak willed.
Posted on 4/9/12 at 11:53 pm to EhSeeJay
How much did you borrow?
Posted on 4/10/12 at 1:19 am to wegotdatwood
I have some med school friends. I wouldn't have the energy for the constant examination schedule they endure.
Law school is a cake walk in comparison from my perspective. 10 or less exams a year, yes please.
Law school is a cake walk in comparison from my perspective. 10 or less exams a year, yes please.
This post was edited on 4/10/12 at 1:20 am
Posted on 4/10/12 at 8:05 am to lsu6294
quote:
How much did you borrow?
I'll say this, LSU is the cheapest medschool in the nation and our median debt is around 170k after interest. I am in that ballpark.
Posted on 4/10/12 at 8:13 am to wegotdatwood
People do fail out, but the percentage is small. That's why the application process is so rigorous. They are making an investment in you.They don't want you to fail or be a crappy doctor with their name stamped on you. There are also those who start school and say f this and quit....
I've heard people say that about law school! But unlike law school, in medicine the floor is a lot higher but the ceiling is a lot lower!
I've heard people say that about law school! But unlike law school, in medicine the floor is a lot higher but the ceiling is a lot lower!
Posted on 4/10/12 at 12:06 pm to EhSeeJay
quote:
Are there any options out there for lowering my interest rate from 6.8%?
If they are federally backed loans, consolidate them into a Direct Lending Consolidation Loan. Do that during the six month deferment period after graduation.
LINK /
This post was edited on 4/10/12 at 12:06 pm
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