• I'm happy to introduce the Styleforum Happy Hour, our brand new podcast featuring lively discussion about menswear and the fashion industry. In the inaugural edition, a discussion of what's going on in retail today. Please check it out on the Journal. All episodes will be also be available soon on your favorite podcast platform.

  • Styleforum Gives - Holiday Charity Auction 8: Cuir de Russie card case from Equus Leather

    We are very proud to present this year's edition of the Styleforum Holiday Charity Auctions, this year in support of the Ronald McDonald House Charities of Spokane (www.rmhcspokane.org). Each Auction lasts 24 hours. Please follow and bid on all the auctions.

    The 8th auction is for a Cuir de Russie card case from Equus Leather. Please bid often and generously here

    Fok and the Styleforum Team.

  • STYLE. COMMUNITY. GREAT CLOTHING.

    Bored of counting likes on social networks? At Styleforum, you’ll find rousing discussions that go beyond strings of emojis.

    Click Here to join Styleforum's thousands of style enthusiasts today!

What is the average interest rate for student loans?

cheessus

Distinguished Member
Joined
Feb 12, 2008
Messages
2,597
Reaction score
3
It looks like I am going to have to finally take out some student loans next year for my final year of law school. Since I have little knowledge of anything financial, I was wondering what a good interest rate is for a private student loan. I know of the the traditional lenders, such as Sallie Mae, but I feel like their 8.5% rate is a little high. I may also try to look into getting a loan with a Credit Union my mom belonged to when she was a teacher in the public school system. Also, say for the sake of ease, I choose Sallie Mae, would I be able to lower my interest rate after I graduate? Thanks for any help!
 

Texasmade

Distinguished Member
Joined
Apr 26, 2008
Messages
6,514
Reaction score
2,478
I think I read somewhere that student loan interest rates are locked at 4.22%.
 

x26

Senior Member
Joined
Oct 4, 2007
Messages
637
Reaction score
0
Originally Posted by Texasmade
I think I read somewhere that student loan interest rates are locked at 4.22%.

You're thinking of undergrad...
Grad int rates are much higher.
 

Texasmade

Distinguished Member
Joined
Apr 26, 2008
Messages
6,514
Reaction score
2,478
My grad school rates are currently locked at 4.22%.
 

x26

Senior Member
Joined
Oct 4, 2007
Messages
637
Reaction score
0
Originally Posted by Texasmade
My grad school rates are currently locked at 4.22%.

So the same loan programs are available for Grad as under grad??
That's a good rate. I may look into refi for mine.
 

Styleforum is proudly sponsored by

Featured Sponsor

How many pairs of shoes do you own?

  • 1 - 4

    Votes: 30 3.6%
  • 5 - 10

    Votes: 143 17.4%
  • 11 - 20

    Votes: 270 32.8%
  • 21 - 30

    Votes: 130 15.8%
  • 31 - 40

    Votes: 70 8.5%
  • 41 - 50

    Votes: 48 5.8%
  • 51 - 60

    Votes: 25 3.0%
  • 61 - 70

    Votes: 22 2.7%
  • 71 - 80

    Votes: 17 2.1%
  • 81 - 90

    Votes: 7 0.9%
  • 91 - 100

    Votes: 9 1.1%
  • 100+

    Votes: 52 6.3%

Related Threads

Forum statistics

Threads
429,099
Messages
9,228,600
Members
193,720
Latest member
swtxzdj
Top