Quote:
Originally posted by Gina1201
I consolidated all of my loans this year through the College Loan Corp. I locked in my interest rate at less than 3% (can't remember the exact number.
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Seriously? I'm impressed. All the companies I found were giving me a quote of 4.125% and then reduction incentives if i paid on time for a certain amount of payments and if i linked the payments to a direct deposit account. I think with all that it would get just somewhere in the 3% range.
I also heard you can deduct your interest from your taxes. I'll ask a friend about this but if i can have that money with no interest pretty much because i get it back through tax deductions then it's great - it's free money to invest in the market or to buy a home. Am I reaching here? This sounds too good to be true. Maybe i should just be satisfied with getting a fixed low rate.
-Rudey