Getting a Lower Interest Rate from FedLoan Servicing (MyFedLoan)
MyFedLoan can’t lower your federal student loan interest rate. However, there are a couple tricks borrowers can use that result in interest savings.
Latest Posts in Loan Servicers
Guide to Switching Federal Student Loan Servicers
Switching federal student loan servicers is not easy, but if you are desperate enough, there are a few ways to get it done.
How the Government Benefits from Loan Servicing Incompetence
Headaches dealing with federal student loan servicers are more than just an inconvenience; these mistakes cost borrowers money.
What to do When Navient Applies a Payment Incorrectly
When Navient makes a mistake processing a student loan payment, borrowers have several options to get things fixed.
Consolidation and Refinance Options for Nelnet Federal Student Loans
Borrowers with federal student loans serviced by Nelnet may wish to consolidate or refinance their loans. Both options have major pros and cons.
Getting a Lower Interest Rate with Navient
Navient may temporarily reduce interest rates to help borrowers struggling with their loans. Learn how to apply for the Rate Reduction Program.
How do I file a complaint about my student loan company?
Complaints with the Consumer Financial Protection Bureau are taken very seriously by lenders. CFPB complaints help borrowers resolve their individual issues and shine a light on shady lender practices, which can lead to government lawsuits against lenders.
Step-by-Step Guide to Lowering Sallie Mae Interest Rate and Payments
Sallie Mae doesn’t advertise the rate reduction program. However, borrowers that are truly struggling may qualify for temporarily reduced interest rates.
Getting a Lower Rate from Sallie Mae
Helping a borrower who fell behind on his Sallie Mae payments lead to an unlikely discovery: Sallie Mae will lower interest rates for some borrowers.