Step by Step Guide to Lowering Sallie Mae Interest Rate and Payments

Michael Lux Lowering Interest Rates, Student Loan Blog 57 Comments

The following eight simple steps will get your Sallie Mae interest rate lowered to 3%, and as a result, lower your monthly payments. Before jumping into the Sallie Mae Rate Reduction Program’s details, it is worth pointing out a couple of essential details. Sallie Mae created the Rate Reduction Program …

sallie mae rate reduction program

Getting a Lower Rate from Sallie Mae

Michael Lux Best Of, Lower Payments, Student Loan Blog, Student Loans 101 Comments

Editor’s Note: This article was originally published in March of 2013.  Over the years Sallie Mae (and now Navient) has had a variety of “Rate Reduction” programs.  While the name hasn’t changed, the rules seem to vary from borrower to borrower.  The tactics outlined below have helped numerous borrowers over …