Author Topic: Student Loan Refi (already low interest rate)  (Read 312 times)


  • 5 O'Clock Shadow
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  • Posts: 37
Student Loan Refi (already low interest rate)
« on: January 12, 2018, 09:05:47 AM »
Does anyone know of an option to refi a FFEL consolidated loan that's currently at 2.625% (Including .25% reduction for autopay)? Balance is currently about $22,500 with about ten years remaining. I realize this is an already incredibly low interest rate - just looking for more ways to squeeze blood from the stone.

When my wife and I got married in 2008, she had about $75k in debt, split between $30k undergrad loans, $38k grad loans, and a $7k car loan. We buckled down and paid off the grad loans and the car loan in our first 18 months of marriage (I was terrified of debt), but have ridden out her undergrad loans since they are such low interest. I know that it's the wrong move financially to prepay on them (vice investing) - I just hate having that debt hanging out there, and want to reduce my interest payments over the life of the loan, while freeing up some cash flow.

Thanks yall.


  • Stubble
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  • Posts: 208
  • Age: 29
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  • Ride the Spiral to the End
Re: Student Loan Refi (already low interest rate)
« Reply #1 on: January 12, 2018, 09:49:00 AM »
Getting a loan from a family member is the only way you will be able to lower that rate. You're much better off investing and sticking with the loan for 5-10 more years.