Lowering High Interest Rate Private Student Loans
I have cosign for 4 of my daughters Sallie Mae student loans which are in the 11% range. Can this rate be lowered and how?
Terry Says
You certainly should be able to refinance these loans — and I’m assuming these are PRIVATE loans, not Federal — since parents do not co-sign Federal Student Loans.
To learn more about refinancing private student loans, read this: https://www.sofi.com/learn/content/refinancing-private-student-loans-guide/
SoFi is not the only private student loan refinancing company, though. Click this link to find other sources of refinancing and compare rates and costs.
