Private College Student Loan

My student loan interest rates are killing me! Are there any options to lower my interest rate?

After college I decided I wanted to have all my loans in my name only (ie. not tied to my parents anymore) so I took out two consolidation loans from Sallie Mae, one for my federal loans and one for my private. Unfortunately, I did this at the exact wrong time and my federal loans are locked in at an interest rate of 6.65%! And without my parents' credit history, the best interest rate I qualified for on the private consolidation loan was 9.75%! Do I have any options for lowering the rate on either loan?

Public Comments

1. You can ask Sallie Mae for a reduction in your interest rates, or you can try to consolidate with another company for a lower interest rate.
2. Visit the site below and check out the resources there. You just might find what you are looking for. http://rds.yahoo.com/**http%3a//www.astudentloandebt.com