Financially, it was a plainly hideous decision, but it was the right one for me.
I made the grad school choice late last fall, independent of the fact that my fiance and I had happily scheduled our small, 14-person wedding for early September 2015.
With HENRYs encountering roadblocks when trying to refinance their student loans, I was interested in seeing if non-HENRYs had any luck with getting better interest rates for their loans.
Why getting a lower interest rate on your student loan can be near-impossible.
I graduated in 2014, with my hat in my hand and $8,000 owed to the Department of Education. While $8,000 was only about a third of the average student debt, it was a terrifying number for me.
My student loan provider raised my monthly student loan payment from $774.12 a month to $1,212.41 a month and it’s inhumane.
It’s rare to hear stories about college students taking out private student loans from a lender like Sallie Mae and then beating them in court after being hounded and sued for money after defaulting on the loans. I was able to lock-in low interest rates on the private student loans I took out, but Stefanie Gray wasn’t able to get a cosigner on her loans (both her parents passed away when she was younger) and was given “credit card-like interest rates.” That was the beginning of Gray’s troubles, but this story has a happy ending.