stuck at 8.25%!
Date: Mon, 11/17/2008 - 21:18
stuck at 8.25%!
I consolidated my undergrad and grad school loans in mid-1998, before the interest rates dropped so dramatically. I'm now "locked in" at 8.25% (the HIGHEST possible) and have been told there's no way I can get that rate reduced. Are there ANY options for rate reduction for me? I'm making payments monthly but am barely making a dent in this $44,000 total. Please help!!
Nope. Consolidation interest rates are based on the interet rat
Nope. Consolidation interest rates are based on the interet rates of the loans you took out. Loans from the 90's had higher interest rates and even if you consolidated today, your rates would be the same.
