I’m trying to reduce my interest rate of 7.25% for the $43 (now $50K) I borrowed for a 15mth grad school program in UK from Sallie Mae.
I called LendKey and they do not refinance loans taken out for studies taken internationally – and I thought: what gives?
I’m a US citizen, back and at it after this program. Why would they have this strange policy? and…
What are my other options?
I have a decent credit score (786) and would like to work out a plan prior to starting the next set of studies (thankfully funded!).
May 3, 2014
We actually just wrote an article on that very subject that should be of some use to you: https://studentloansherpa.com/refinancing-student-loans-abroad/
Unfortunately, your options are limited, but you might have some luck with a personal loan or something along those lines.
Good luck, and be sure to let us know if you have any more questions.
May 3, 2014
I just wanted to let you know that we recently finished a big review on Earnest, hopefully this helps: https://studentloansherpa.com/earnest-consolidation-refinance-review/
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