It is the same for all schools nation wide. Any school working with SLM to secure loans for students are having a hard time.I am wanting to attend ATP, but I've been having a tough time with getting a loan -- even with great credit and cosigners with great credit.
Anyone else in my position?
Here is the thread, you may find some informative stuff.Try somewhere else other than Sallie Mae. Scandinavian13 and VaTechPilot are no longer attending flight schools because of Sallie Mae rates. They have a thread about it.
Maybe you could refinance it? That's what a lot of people with ARMs did on mortgages when they were about to reset.The variable rate thing is great when rates are going down. I would love to find a way to lock the current rate. Even if they charged a couple of points higher for a fixed rate, I would do it.
Yes, I would love to refi. But there is no underlying asset, other than my legendary piloting and CFIing skills. :laff:Maybe you could refinance it? That's what a lot of people with ARMs did on mortgages when they were about to reset.
I was not trying to imply that your were late in any way. I know you and I doubt you would ever be late with this kind of thing. I'm just saying it can't hurt to ask them.Well, actually I am current on the loan. There is no danger of it not being paid off at this time. But I would like to pay less interest.