How do I get rid of my student loans and stay in a federal loan at an interest rate lower?
I have a total of about $ 27,000 of private student loans by Sallie Mae with a rate of 9% interest. Is it possible to find a federal loan to cover the previous amount that I borrowed and close my account Sallie Mae? I'm still in school (I'm a junior) at the University of Minnesota and it will take another year of funding ..
Contact the U.S. Department education because sometimes they will buy your loan off and then you can pay them instead. I have a student loan through Ministry of Ed. and my interest is only 2%. Call them and ask:)
