Refinance student loans?

Started by rippedbx
This forum made possible through the generous support of SDN members, donors, and sponsors. Thank you.
Get help with your application

Use all the free resources available to you from SDN: articles, guides, expert advising, forums discussions, and school research.

Browse articles Compare schools My application plan Read Interview Feedback
Practice for interviews Ask an Advisor
R

rippedbx

Full Member
10+ Year Member
Advertisement - Members don't see this ad
Curious if anyone has refinanced student loans recently and what rate you're getting. I'm thinking I would like to refinance about half my loans which average about 7%. As long as it would be a better rate. I'm assuming people are getting a little better rate than that.
 
Private loans with fixed will get you a lower interest.

Federal consolidation will give you a weighted avg of interests.

Careful. You might want to study them before you opt into one. Do some math and figure out the + and -.
 
Only refinance if you can get a lower rate and you're ready to pay them off as fast as possible.

If any type of federal forgiveness was a possibility for you, it will go away when you refinance.
 
You must log in or register to reply here.