Better ratings reduce the cost of borrowing for projects such as road improvements, while lower ratings increase costs. (newsday.com)
Instead of reducing the cost of borrowing by lowering interest rates so you can afford to pay back your loan, lenders do the exact opposite — they increase your rates. (hoyes.com)
But if you don't need those options, refinancing could reduce your costs of borrowing with a lower student loan interest rate. (studentloanhero.com)