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re: Refinance Student Loans

Posted on 1/24/13 at 4:28 pm to
Posted by Teddy Ruxpin
Member since Oct 2006
39642 posts
Posted on 1/24/13 at 4:28 pm to
quote:

My wife and I have a close, personal hookup.



Go on ...

quote:

We were able to consolidate both of our student loan debt, pay interest only for the first five years, and then the loan goes into term for five years. It's a pretty large sum and those last five years will be brutal, but well worth it in savings.


Yup, this is financial awesomeness. Who do I need to suckle to get this deal?

quote:

Getting hit with 6.8% is stealing when the government borrows at .25% How can I lower my rate? Is there a way I can actually get it lowered?



Ya, only consolidation could lower it that I know of. In that case, you would need some other loans with lower percentages to weigh it down. So basically, 6.8 is the rate you're gonna be stuck with from what I know.
This post was edited on 1/24/13 at 4:59 pm
Posted by TheWiz
Third World, LA
Member since Aug 2007
11694 posts
Posted on 1/24/13 at 5:00 pm to
quote:

Who do I need to suckle to get this deal?

Let's just say that my FIL has a few 100 million tied up with a local bank in New Orleans. They were more than happy to accommodate our little $248,000 consolidation loan.
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