Is there any way to decrease the interest rate on a student loan after graduating during repayment?
I have a ridiculous interest rate on my Direct federal student loan 6.8% for ~$25,000. My other ones are 5% or less which I’m cool with, but that 6.8% one is bugging the hell out of me. I just want to know if there is any way to get somewhere around a 5% loan to pay off the 6.8% one that I currently have. I just can’t believe I have a higher interest rate than most car loans for a student loan. Plus, I hear from some of my friends who are still in school that they are getting around 5.5% on the same type of loan currently.
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