I finally got something other than a bill in the mail today. Apparently when you make 36 on-time student loan payments, your interest rate is reduced 3%.
That means that my Sallie Mae graduate school loan (about 25% of my total loan amount) is now officially financed at 1.3%. My undergraduate loan (the remaining 75% of my total loan amount) reaped similar benefits a few years ago, and is financed at 1.8%.
Maybe Sallie Mae isn’t such a bitch after all!
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