Lower Interest Rates Won’t Help Many Federal Borrowers
Reducing interest rates on federal loans has been a popular topic of discussion, but it may not help that many borrowers.
Reducing interest rates on federal loans has been a popular topic of discussion, but it may not help that many borrowers.
There are several different factors that borrowers should consider when trying to decide between a fixed-rate and variable-rate student loan.
Sallie Mae doesn’t advertise the rate reduction program. However, borrowers that are truly struggling may qualify for temporarily reduced interest rates.
Helping a borrower who fell behind on his Sallie Mae payments lead to an unlikely discovery: Sallie Mae will lower interest rates for some borrowers.