Student loans are not affected by the Fed
The market does not set interest rates on federal student loans -- the U.S. Congress does.
However, if you want to get rid of your debt faster, you may be able to pay them off by taking out another loan, such as a home equity loan or a personal loan that may have a lower interest rate.
But take into account the tax benefits of student loans. Plus, in some cases these loans can be canceled, forgiven or discharged.
Experts recommend: Take out student loans wisely if they will lead to future opportunities. But talk to an adviser before rolling them into another loan instrument.