The higher your credit score, the more likely you are to
receive a low interest rate student loan.
Not exact matches
Generally, applicants with a better credit history will
receive a
lower interest rate on private
student loans.
Borrowers with good credit can sometimes
receive a private
student loan with a
lower initial
interest rate and
lower fees than a federal
student loan.
Under Nelson's proposed law,
student loan borrowers that are currently dealing with an
interest rate above 4 percent will be able to refinance their
student loans in order to
receive an
interest rate lower than 4 percent.
Be a cosigner to help your
student qualify for a
student loan and potentially
receive a
lower interest rate.
It is a great idea to refinance Sallie Mae
student loans as they typically have high
interest rates, as most private
student loans do, and you will most likely
receive a much
lower rate if you are eligible.
If everything looks good, you may
receive an offer for refinancing or consolidating loans and potentially
lower student loan
interest rates and debt in the process.
Through private
student loan consolidation, you will
receive new (hopefully
lower)
interest rate, based on your current financial picture.
The
low APR shown assumes that
student applies with a cosigner, selects the 5 - year repayment term and the immediate repayment option, and
receives 1 disbursement, and includes a.25 %
interest rate discount for making ACH payments (see footnote 3).
To increase your chances of being approved and
receiving a
low interest rate for a new
student loan or a
student refinance loan, you and / or your cosigner will want to have at least two open trade lines, be no more than 30 days past due on more than one account, and have no public records for the past five years.
The most enticing benefit of refinancing
student loans through First Republic Bank is
receiving a very
low interest rate.
In addition,
lowering your debt - to - income ratio may help you
receive better
interest rates and terms on a refinanced
student loan.
You do have the option to refinance your federal
student loans to
receive a
lower interest rate, but, if you need the benefits that come from the federal
student loan, do not refinance, as you do lose them.
When you consolidate multiple
student loans or refinance a single
student loan, you may
receive a
lower monthly payment with a reduced
interest rate or an extended repayment term.