Find all School-related info fast with the new School-Specific MBA Forum

It is currently 22 Aug 2014, 19:50

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

Reducing interest rates on U.S. Federal loans

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
Intern
Intern
avatar
Joined: 18 Dec 2013
Posts: 35
Followers: 0

Kudos [?]: 3 [0], given: 2

Reducing interest rates on U.S. Federal loans [#permalink] New post 23 Apr 2014, 17:28
Hey everyone, I'm likely going to borrow an absurd amount of Graduate PLUS U.S. Federal government loans to fund my MBA education. I know that several private loan companies offer opportunities to reduce interest rates. For instance, establishing a monthly payment plan, using other services (i.e. credit cards), etc. Do you know whether similar options are available for Federal government PLUS loans? I haven't read anywhere options to reduce interest rates. Any tips would be much appreciated.

Thanks!!
Current Student
avatar
Joined: 30 Jan 2010
Posts: 236
Location: United States
Concentration: Strategy, Organizational Behavior
Schools: Chicago Booth - Class of 2015
GMAT 1: 770 Q50 V44
WE: Project Management (Real Estate)
Followers: 8

Kudos [?]: 86 [0], given: 66

Re: Reducing interest rates on U.S. Federal loans [#permalink] New post 25 Apr 2014, 14:16
Guangjujiu wrote:
Hey everyone, I'm likely going to borrow an absurd amount of Graduate PLUS U.S. Federal government loans to fund my MBA education. I know that several private loan companies offer opportunities to reduce interest rates. For instance, establishing a monthly payment plan, using other services (i.e. credit cards), etc. Do you know whether similar options are available for Federal government PLUS loans? I haven't read anywhere options to reduce interest rates. Any tips would be much appreciated.

Thanks!!


I've done a fair bit of loan shopping and have never heard of discount programs for federal loans. Alos, if you're going the federal route, make sure to max out your Stafford loans before taking PLUS loans; the interest rate is lower.
Re: Reducing interest rates on U.S. Federal loans   [#permalink] 25 Apr 2014, 14:16
    Similar topics Author Replies Last post
Similar
Topics:
3 When interest rates are high, insurance companies reduce the mohnish104 1 12 Nov 2013, 23:22
5 Experts publish their posts in the topic If a loan of P dollars, at an interest rate of r percent... NeverSurrender 4 11 Oct 2013, 02:27
Experts publish their posts in the topic A loan has a variable interest rate that fluctuates between danzig 2 25 Dec 2012, 09:31
Student Loan interest rates going down? burger2001 11 29 Jan 2008, 06:26
The Federal Reserve Boards reduction of interest rates on bmwhype2 6 18 Jun 2007, 08:08
Display posts from previous: Sort by

Reducing interest rates on U.S. Federal loans

  Question banks Downloads My Bookmarks Reviews Important topics  

Moderator: threestripes



GMAT Club MBA Forum Home| About| Privacy Policy| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.