Lowering the Interest Rate on a Student Loan

By

susanmajp

I know that you can only consolidate student loans one time. If she has already consolidated them, she may be stuck with the high interest rates.

By

clt123

Apply for a consolidation loan and lock in one low interest rate, instead of a variable one. I just did this in July and cut my monthly payment by over 60%. It only added a little more time on to the length of time to pay off the loan and I can now afford the payments and can afford to pay a little extra each month.

By Linda (Guest Post)

Is your daughter considered disabled? Can she get social security disability payments? I started college at age 42, using student loans. I had to retire about 10 years later due to medical problems. If she can get disability, her student loans can be wiped out. That is what I did.

By Starlight (Guest Post)

I would recommend you call into the Dave Ramsey show and ask Dave - he will know what to do - or go to his website http://www.daveramsey.com and send him an email with your question. This sounds like a question I have heard him answer before. Good luck.