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Hello everyone. I was recently enrolled in Sallie Mae's rate reduction program (dropping my interest rates from 8-9% down to 3%). I wanted to know if anyone had any experience in this program and discuss both how it works and their experience with the program like if there's any pitfalls I should look out for or if there's an opportunity for reduction beyond the first year.
Further more, if I should pay extra or if that would hurt my chances in being re-enrolled. Or should I just save as much as I can while enrolled in the program and if I'm not re-enrolled just make a lump sum payment. Any help would be appreciated. Thank you!
also for more information about the program if you all are interested, I learned about it by googling sallie mae rate reduction program and reading the student loan sherpa article. (Couldn't post the link as I'm under 15 posts
)
Further more, if I should pay extra or if that would hurt my chances in being re-enrolled. Or should I just save as much as I can while enrolled in the program and if I'm not re-enrolled just make a lump sum payment. Any help would be appreciated. Thank you!
also for more information about the program if you all are interested, I learned about it by googling sallie mae rate reduction program and reading the student loan sherpa article. (Couldn't post the link as I'm under 15 posts
)