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
Full Version: 1 Sallie Mae Loan
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QUOTE(qteekat @ Sep 23 2007, 01:05 PM) 
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
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.
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