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It was the worst thing I ever did. I'm not as bad off as this women but I have around 80-90k in debt for school loans and whats worst is one of them is a private loan so it has some ungodly high interest rate compare to my others.



Pay close attention to politics.

The reason your federal loans don't have an ungodly interest rate right now is that as part of the economic stimulus student loan interest rates were lowered. The temporary extensions have kept it down since then, but they could jump back up at almost any moment.


That jump is for new loans, fortunately. All previous federal loans are locked in at the rate they were originally signed for.


Can you lower your private loan interest rate with something like lendingclub.com ?




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