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My wife has about $45,000 in government backed student loans at 7%. She's been employed after graduation for 5+ years making about $90k and very good credit. She has almost no other debt other than our mortgage.
Would she have a chance of getting a rate close to 3%? What kinds of rates are people getting quoted on student loan refinances now? And who did you refinance with?
The 7% seems ridiculous to me given her income and credit profile.