student loan consolidation law
My student loans have already been consolidated, but I want to reduce my interest rate? All options?
My student loan has been consolidated in 1998-1999. They are Stafford loans, used to pay for my law school studies. My interest rate is 8.25%, and outside of the lower interest rate .25% with online payment, Sallie Mae / Bank One offered me no other options, because my loans are already consolidated. All options other than to join a new private loan consolidation?
You can get an ordinary bank loan to pay, but your student loan interest is deductible from your income taxes and federal loan the bank would not, so the default rules are better for a student loan, you can defer student loans.
Tags: debt, finance, loan, loans, school, student loan consolidation laws