Refinancing Student Loans Detail
My son's college education was 100 percent financed through student loans and parent Plus loans. The parent Plus loans were granted based on my income and that of my now-ex-husband, though the loans are in my name only. My ex-husband is not contributing to the monthly payments. The Plus loans have been consolidated, and the consolidation loan has an interest rate of 8.25 percent.
While the interest is deductible, my income is such that only a fraction of the interest can be deducted. I am struggling with the more than $900 monthly payments, and the thought of making these payments for the next 20-plus years is frightening. I would love to find out that you can refinance student loans at a much lower rate, but I do not know what financial institution does this. Are there any options out there for me to help reduce the monthly payment amount?
My son's college education was 100 percent financed through student loans and parent Plus loans. The parent Plus loans were granted based on my income and that of my now-ex-husband, though the loans are in my name only. My ex-husband is not contributing to the monthly payments. The Plus loans have been consolidated, and the consolidation loan has an interest rate of 8.25 percent.
While the interest is deductible, my income is such that only a fraction of the interest can be deducted. I am struggling with the more than $900 monthly payments, and the thought of making these payments for the next 20-plus years is frightening. I would love to find out that you can refinance student loans at a much lower rate, but I do not know what financial institution does this. Are there any options out there for me to help reduce the monthly payment amount?
Refinancing Student Loans
Refinancing Student Loans
Refinancing Student Loans
Refinancing Student Loans
Refinancing Student Loans
Refinancing Student Loans
Refinancing Student Loans
Refinancing Student Loans
Refinancing Student Loans
Refinancing Student Loans
Refinancing Student Loans
Refinancing Student Loans
Refinancing Student Loans
Refinancing Student Loans
Refinancing Student Loans
Refinancing Student Loans
Refinancing Student Loans
Refinancing Student Loans
Refinancing Student Loans
Refinancing Student Loans
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