After college I decided I wanted to have all my loans in my name only (ie. not tied to my parents anymore) so I took out two consolidation loans from Sallie Mae, one for my federal loans and one for my private.
Unfortunately, I did this at the exact wrong time and my federal loans are locked in at an interest rate of 6.65%! And without my parents’ credit history, the best interest rate I qualified for on the private consolidation loan was 9.75%!
Do I have any options for lowering the rate on either loan?
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You can ask Sallie Mae for a reduction in your interest rates, or you can try to consolidate with another company for a lower interest rate.
Visit the site below and check out the resources there. You just might find what you are looking for.
http://rds.yahoo.com/**http%3a//www.astudentloandebt.com