Best way to refinance the student loan?
Asked by Hakuna MatataMy girlfriend has an outstanding student loan of $3,000 with 8% annual interest day. What's the best way to refinance this loan in order to reduce the payments? If you know any good student loan programs, I would like to hear about them.
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Answered by knight01
Typically lenders won't do a refinance for any amount less than $7,500, it's just too costly for them to make sense. Contact the current lender to see if the offer any type of rate reduction program. Some lenders offer a discount if you allow them to auto deduct the payment from your checking account, also if you have a good payment history you may get a discount for that.
Typically lenders won't do a refinance for any amount less than $7,500, it's just too costly for them to make sense. Contact the current lender to see if the offer any type of rate reduction program. Some lenders offer a discount if you allow them to auto deduct the payment from your checking account, also if you have a good payment history you may get a discount for that.
