Ironically, the vast majority of people who
qualify for low interest rate credit cards are those with higher than median incomes and who pay their credit card balances in full each month.
If an applicant is
highly qualified for a lower interest rate than federal loan offers, then Sallie Mae could be a good choice to review for students who need to cover the overall cost of attendance, especially if all federal aid options have been exhausted.
While debt consolidation isn't the best option for everyone, if you're interested in understanding whether or not you might
qualify for a lowered interest rate then you'll want to address a few questions.
You will often
qualify for lower interest rates on additional things like credit cards and insurance by using a home refinance to improve your credit score and to maintain a low debt to income ratio.
That simple act would've helped me begin building a stronger credit history, so when I do need a loan, perhaps for a mortgage, I'll be saving myself money
by qualifying for lower interest rates.