Get Those Student Loans Paid ASAP

fender_jag

fender_jag

Well-Known Member
fender_jag said:
Interest rates are on the rise, scheduled to go up to 6.8% by July.
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I refi'd my student loan and locked in a 3.25% rate for life. I'm pissed, my gf's are at 2.85%!!

~wheelsup
 
wheelsup - did you have federal or private loans for that refinance? and if they were private, where do i sign up?!
 
wheelsup said:
I refi'd my student loan and locked in a 3.25% rate for life. I'm pissed, my gf's are at 2.85%!!

~wheelsup
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Did you have a Key loan? If so who did you refinance with?
 
I had, I believe, some government "direct loan" or something to that effect. My interest rate prior to refi'ing was high 5's or low 6's I think. I refi'd with citibank - http://studentloan.citibank.com about 1.5 years ago and it dropped to 3.5% with a .25% credit for using an automatic payment option.

Refiancing was a good option for me, I'm not sure what it's like nowadays. There are a lot of companies doing it.

~wheelsup
 
Has anybody here with the private key loan been able to refinance!?? I have tried calling everyone and everybody says theres nothing that can be done, its variable rate interest loan for its entire life!! its in the low 6s right now as it is :-(
 
Has anybody here with the private key loan been able to refinance!?? I have tried calling everyone and everybody says theres nothing that can be done, its variable rate interest loan for its entire life!! its in the low 6s right now as it is :-(
 
I talked to Sallie Mae the other day about refinancing and got the same thing about it being a private loan (I have a Key Loan also). I was told that the gov't is trying to change the law some time this summer so if you have a private loan you could refinance with one of these companies. So lets hope they change it so we can save a few bucks. I also asked if they knew of a company that could help in the mean time and they didn't know of any.
 
jfleisher said:
its in the low 6s right now as it is :-(
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Low 6s?...consider yourself lucky. My key alternative loan is upto 7.8 this quarter. I knew it was going up, but I didn't think it'd be like 4 points this year! So far the only thing I've come up with to refi is to buy a house, build some equity and do a new loan.

Ah...debt...the american dream.
 
Paying my LOAN from DELTA CHARLIE ALPHA is going to take YEARS!!!!
I'm talking about 3 DECADES!!!! Can I still say I'd NEVER DO IT AGAIN???

Note for the Record: I edited my signature. I'd rather not get booted here. (Shame about the forum) Some good did come out of it, Despite the BS.
 
I can for sure say that if i could go back and do it again, id do it cheaper and not go to a big name school. Yea the education was good but holy hell nothing is worth the QOL that a big payment like this brings on.

Anyone know what the going rate is for a kidney and a testical? I might just consider harvesting some organs if its good enough.
 
Anyone know what the going rate is for a kidney and a testical? I might just consider harvesting some organs if its good enough.
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LOL that is some funny &** right there.. but it's also extremely sad and true.

These huge loans are nothing to look forward to. SO,.. by all means, pay as you go, with what you can eh?



-Perpetual
 
What are you guys looking at for loan amounts? I'm at $13,500 (was around $15k but I've paid off about $1,500 so far) and my gf is around $28k.

There was a guy at MAPD that had $160,000 in loans (he went to ERAU and then came and did PACE for another $12k). I couldn't believe it. How/why does someone get themselves that far into debt?

~wheelsup
 
A good friend of mine married into $120,000 worth of debt to a guy at DCA. He was making less than $15,000 as a CFI there, and is now going to be on furlough with Comair making $0. I'm not sure what the next move is, but that is a lot of debt! I can't fathom.
 
Was that $120G's including college or just $120G's from just attending 'ehh ehh ehh'?
 
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