1 Sallie Mae Loan

[qteekat]

Hi,

 

My DH has a Sallie Mae student loan at a 11.75% rate. The amount left on the loan is aproximately $14500. My question is, is there a way to refinance this to get a better rate? It's also a joint account with his sister, and it would help his sister out if we could get her name out of it.

 

Thank you.

 

K. Morton

[breeze]

You don't see your posts right away because when you are new, your posts are moderated for a while. You can find them after they're approved by using "my assistant"

[LynnInMN]

Hi,

 

My DH has a Sallie Mae student loan at a 11.75% rate. The amount left on the loan is aproximately $14500. My question is, is there a way to refinance this to get a better rate? It's also a joint account with his sister, and it would help his sister out if we could get her name out of it.

 

Thank you.

 

K. Morton

 

This sounds very much like a private student loan. There are several private consolidating lenders but from what I have read, the fees tend to be high and there is no guarantee that you will get a lower interest rate. You can google "private student loans consolidation" and you should come up with several links.

 

Other than a private student loan consolidation, the only other options are to take out a loan yourself and pay it off.