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Private Loan Refinance???

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DH has a high-interest student loan from IT that he got several years ago with bad credit. Now his credit is pretty good and we're trying to reduce our debt load. The balance is around $4,500. Since it's not a subsidized or federally guaranteed SL (it's a private lender), are there any refinancing options available?

Any ideas on getting this into a lower interest situation? I think the rate is like 12-14%

J

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Private student loans are no different than any other type of bank loan unfortunately. Can you take another loan out to pay it off?? Second mortgage??

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