How do lenders decide on my student loan interest rate?
There are many factors that go into determining a student loan interest rate. Some are based on the borrowers but others are not.
Latest Posts in interest discussion
Why Did My Student Loan Interest Rate Go Up?
Interest rates going up on a variable-rate loan can be frustrating. However, there are ways to avoid this particular student loan headache.
Lower Interest Rates Won’t Help Many Federal Borrowers
Reducing interest rates on federal loans has been a popular topic of discussion, but it may not help that many borrowers.
Should I Refinance with a Fixed or Variable Rate Loan?
There are several different factors that borrowers should consider when trying to decide between a fixed-rate and variable-rate student loan.
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.