I've been counting days this month. Now after 36 months of on-time payments, I got my "consolidation reward" 1% interest rate reduction. It may not sound like much - but it is 1/3 off my interest!
Now my student loans are locked at 2.1%!
Less than official inflation, let along the real one. So now, out of my $140 monthly payment about $100 will be going to principal.
It is a little celebration 
2.1% sounds so nice!
Finally! I got my 1% interest rate reduction after 36 month!
June 3rd, 2008 at 04:05 pm
June 3rd, 2008 at 05:58 pm 1212515927
June 3rd, 2008 at 06:49 pm 1212518997
June 3rd, 2008 at 10:51 pm 1212533506
June 4th, 2008 at 02:21 am 1212546071
I feel like my 36 months may never come. I continued to make full payments while I went back to school, but NONE of them counted toward the 36 months! *ugh* So even though I've been paying on these stinkin' loans forever I still have like 30 more payments before the reduced interest rate comes through. My only hope is that I can pay them off sooner...but probably not gonna happen.