Explore Student Loan Refinancing Options
Refinancing can possibly:
While most borrowers don’t even consider refinancing, an estimated 2 million are eligible to refinance their student loans.
You may investigate refinancing if you want to adjust your monthly payments or pay off debt sooner with lower interest. When you decide to refinance a federal or private loan, the new lender will look at your situation and consider criteria such as:
Choosing a Lender
Don’t be fooled by shady student loan refinancing offers without doing your research. Most companies will refer you to their lending partners for a fee, even if it’s not the best one for you. But that doesn’t mean you should write off all lenders – many are offering new and improved options for student loan borrowers.
Refinancing isn’t always cut and dry. Like any financial decision, there are both risks and benefits to every decision. Our Student Loan Advisors know the pros and cons of what’s available to you, so you can make the best decision.