Sallie Mae Interest Rates - page 2
I wanted to see if anyone out there had the same situation. Salle Mae is the only lender that has a relationship with my school- so to cover the rest of my cost past what federal loans will cover I... Read More
Apr 8, '14Quote from Jenbun02Jem, whatever you do, wait UNTIL YOU ARE OUT OF SCHOOL to consolidate/refiance your student loans. You are permitted to consolidate ONCE---ever. So, if you consolidate your awful 12% loan to a 9% loan....you cannot then refi AGAIN when you have a chance to get a 5% loan for all of them later!!Maybe once I am done with school I could look into it.
Too many people do not know this and shoot themselves in the foot looking for "better" instead of waiting for "best" rates!