Posted by Brian Anderson on October 30, 2005 at 20:22:25:
Hi Patrick,
I am also locked in to a high rate student loan, just like DKC posted. Unfortunately, for those of us older who consolidated their multiple loans to one payment in the past, you can not reconsolidate again unless you have taken out additional loans.
I’m stuck at 8.25%! I have seriously thought about applying to school and borrowing $500 so that I could reconsolidate again!
Do you know a place that will do the 4.75% rate over 12 years for borrowers that have previously consolidated?
I want to do some commercial real estate investing in my community. Trouble is I am locked into a high rate 9% student loan that drains me of 325/mo. I have equity in my home but want to use it for investing. I will have to pay this student loan for another 10 years! Any creative ideas?