My wife and I almost weekly receive letters from companies wanting us to switch our loans from Sallie Mae. These companies offer extremely low interest rates to entice you to switch and also give percentage discounts if you make every payment for the first 60 months, or 1/2 percent less if you do direct payment from your bank account.
Also, depending on the amount of the student loan, you probably could stretch the loan over quite a few years. When I finally finish school (T - 10 months), then I plan to defer for the allowed 5 years until my income grows, then I will stretch the payments at least 15 years, if not more.
My wife's loans are much more manageable and we just plan to pay her's once I start working.
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