A few days ago
Will today’s Fed rate cut reduce the interest rate on my…?
signature student loan?
Top 1 Answers
A few days ago
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As a general rule, signature student loans are for a fixed percentage, so they won’t automatically reduce the rate. However, I would suggest contacting your student loan company and asking – the worst they can say is no!
Also, see if you qualify for a federal student loan consolidation loan for a lower interest rate than your outstanding loans – if so, then consider that option as well.
If the company that holds your student loan won’t budge, check out other companies that handle student loans.
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