Hello Heather,

First off, thanks for putting together such a great site! I have done a good deal of research on my situation and I am hoping you might have some insight. I have a private student loan consolidation with Citibank with a balance totaling a little over $100,000. This consolidation comes with a fixed interest rate of 10%, which puts me at a minimum monthly payment of $950. I am trying to figure out a way to refinance my private student loan to get a lower interest rate. Do you have any suggestions on other types of loans (with lower interest rates) I could look at to help pay off my balance on my private loan or is there any way to refinance a consolidation?

I share your opinion on private student loans and if I could go back I would definitely do my loans differently.

Thanks!
Nick

Sorry to hear about your high interest rate private consolidation loan.  It is possible that if your credit score or financial circumstances have improved, you may be able to find another private loan at a better rate, but my understanding is that credit is still pretty tight right now.

Mark Kantrowitz has put together this useful information: http://www.finaid.org/loans/privateconsolidation.phtml

And see my notes of caution to this borrower here: http://askheatherjarvis.com/forums/viewthread/129/