0
Can student loans be refinanced I am currently paying an interest rate of 7.125% and wanted to see if this could be lowered.?
Wiki User
∙ 15y ago
It is definitely possible to refinance a student loan. The best place to check is with a local bank to see if they can give you a lower interest rate. You can find a good bit of additional information at the following website: http://www.studentdoc.com/refinance-student-loans.html Good luck!
Wiki User
∙ 15y ago
Add your answer:
Earn +20 pts
What is the current rate of student loan interest in the UK?
The student loan interest rate in the UK varies annually. Currently it is 2.75%. If a student who borrows from the Student Loan Company does not pay it back within thirty years then the debt is wiped.
How does college debt consolidation affect the average student?
College debt consolidation has several different effects, both positive and negative. The student will have a lowered interest rate and monthly payment, and will also have an extended repayment term. However, the student will lose their grace period, pay more in total interest, and have an extended loan period.
What is the lowest student loan consolidation rate for a graduate student?
The lowest interest rate for student loan consolidation for a graduate student depends on what loans you currently have. The consolidationg company normally averages all your loan's interest rates to come up with a fixed rate and a fixed monthly payment. They can not charge more than 8.25%.
What is the interest rate on a Wachovia student loan?
Wachovia has now merged with Wells-Fargo Bank. While interest rates for loans are always fluctuating, Wachovia/Wells-Fargo currently offer student loan interest rates as low as 3.40% APR. Additionally, borrowers do not have to pay on their loans while in school. It is very easy to apply.
Is there a no interest student loan?
no
Is the interest accrued on a student loan simple or compound interest?
its compound interest
What is the maximum interest rate for a student loan consolidation loan?
The maximum interest rate for consolidating FEDERAL student loans is 8.25%. If your student loans are not federal loans, though, there is no maximum interest rate.
Is student loan interest deductable in pa?
what is not deductible interrest? a student loan interest investment interest home mortgage interest finance carges on crdit cards incurred for personal expenses
What does a student loan consolidation interest rate determine?
A student loan consolidation interest rate determines the amount of your monthly payment on your student loan. Higher interest rates would result in higher monthly payments.
Where can one find the interest rates for student loans?
There are many places where one can find the interest rates for student loans. One can find the interest rates for student loans by visiting popular on the web sources such as Wells Fargo, ASA, and Discover Student Loans.
How can one get a college loan refinance?
Refinancing your college loan can be a very simple process. The best time to refinance your student loand is during the post-graduation grace period when you are able to get the best rates. Loans in default cannot be refinanced.
Would it be smart to consolidate student loans right now?
Consolidation of student loans would have to be based on your current repayment terms. Currently, yes, interest rates are at historically low levels, and generally it is a good time to discuss financing with your bank.
