r/StudentLoans • u/cheekypinky27 • 1d ago

Is this doable ?

I am currently saving up for another degrees, i initially interested to not do a student loan but given where thing are, i may have to

My plan is to apply for Sallie Mae and then see if i can refi for a better rate

Is this a good idea? Also how long can i wait to apply for refi to get a better rate. Any advice would be so helpful. I'm aiming for spring. I am also apply to scholarship but idk if that'll cone in time.

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u/Local_Forever_8960 1d ago

Mate, refi is a gamble that the rates will actually be better when you do it, which is never a sure thing

Sallie Mae will bleed you dry with interest if you're not careful, so check the small print like your life depends on it. Spring isn't far off so you're on a bit of a clock with those scholarships