- Feb 12, 2008
- Reaction score
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!