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Home > Finally! I got my 1% interest rate reduction after 36 month!

Finally! I got my 1% interest rate reduction after 36 month!

June 3rd, 2008 at 05:05 pm

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 Smile
2.1% sounds so nice!

4 Responses to “Finally! I got my 1% interest rate reduction after 36 month!”

  1. koppur Says:
    1212515927

    very nice! congrats!

  2. KellyB Says:
    1212518997

    Good job! Every little bit helps!

  3. klbb90 Says:
    1212533506

    Celebrate! Celebrate! A reward earned!

  4. MariRDH Says:
    1212546071

    Excellent! Congrats!

    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.

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