Private Student Loan.

[The_Player]

Re: Private Student Loan.

@aqeel123

Hi guys,

If any of you have any experience with students loans then you can probably help me with my problem. I have taken around 19k as private student loan, After Graduation my balance was around 21k and now its 20.5 K.

My monthly payment is 225 which i am able to afford so far but around 160 goes in interest and 65 dollars are actually paid off principal. Is there a way that i can transfer this loan somehow and get a better deal or only way out is pay it off faster ? Are there any other options ?

I appreciate your time.
Thanks.

I don’t think there is a way to refinance a PSL, unless you roll it over to a zero interest credit card/another kind of loan. You could try & talk to a credit union if they might be able to give you a bill consolidation loan.