Comments on: College Debt? Delay Any Refi Until July

By: A Day Late, A Buck Short

A Day Late, A Buck Short — Mon, 02 Jun 2008 06:29:16 +0000

This is definitely good news for me. Like Dee, I’m getting screwed with the 7.22% interest rate, but if I refi, I lose the opportunity to drop to 0% interest after 36 on time payments (Comerica has some deal with my alma mater). Hopefully the rate change will stick around for a while.

By: Dee

Dee — Mon, 18 Feb 2008 21:21:19 +0000

Thanks for this post. I just made my first student loan payment last week since my grace period ended. The 7.22% interest rate is a headache but I’m glad to hear it might go down!

By: Brian

Brian — Mon, 18 Feb 2008 19:30:38 +0000

Thanks Ramon!

By: Ramon

Ramon — Mon, 18 Feb 2008 19:27:08 +0000

Try finding an answer here:

http://www.finaid.org/questions/askadvisor.phtml

By: Brian

Brian — Mon, 18 Feb 2008 16:51:17 +0000

I wish I could tell you, but I’m not anything like a loan officer. Click through to read the whole article, and then I guess check with a loan professional.

As I say, this is not my area of expertise, but I did want to get the word out there: if this July 1 deadline fits your profile, you stand to save a lot of money. Definitely worth asking around a bit.

By: eimilie

eimilie — Mon, 18 Feb 2008 16:01:19 +0000

Do you think I can refinance with Sallie Mae? I thought because I combined all my loans with them years ago (I didn’t know better at the time), to a 6-something percent, I cannot change my rate unless I have a new loan to add to the heap . . .