Be gone Sallie Mae!!! I’ve posted here a few times struggling to refinance my loans to smaller monthly payments for now. Took me a few years but I am now finally approved through SoFi to a smaller monthly payments on my OWN!! No co-signer. Been working on increasing my income and credit score and it came through. Any tips on how to pay them off more effectively? How to keep at it with getting better rates even more? Anything to help me keep getting more financially responsible. Also if you are looking for student loans be VERY careful with Sallie Mae. They are awful.
Anyway here’s to saving an extra $200 a month now!
I was finally approved for refinancing!
byu/Hour-Entrance7202 inStudentLoans
Posted by Hour-Entrance7202
2 Comments
Congratulations! What interest rate were you able to refinance to?
The goal is to apply to refinance private student loans every 12-18 months.
Future lenders will consider your debt to income ratio when determining your interest rate. Therefore if can be beneficial to keep making those extra $200/month payments.