Today I got a letter in the main stating that my student loans were being altered. Not in a bad way though! My interest rate was reduced! I am so pumped that I'll be paying drastically less for as long as this lasts.
Basically the letter states that I understood my interest rate on my private student loan as well as my federal student loan were variable but had a ceiling. I've been seeing my interest rates move higher as the years progressed. As the interest rates reached their ceiling, I get this letter stating they were dropping over 2 percentage points.
Thanks President Obama. I owe you one. Also, thanks Graduate Leverage. Not sure why you've done this, but keep it coming, PLEASE!