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Forgive me, but I know absolutely nothing about refinancing, repayment options, debt management, etc., but when it the best time to refinance your loans? Should I do it while I am still in school?
Refinancing loans
- Thread starter moler
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Refinance ASAP. I do not believe you can do it in school, however once you have a form of income refinance!
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I wouldn't do it ASAP.
I would do it as soon as you comfortably can. Refinancing means you lose a lot of protection towards your loans. It also means the clock to repay back your loan starts ticking a lot faster ( if you want good rates).
If you are planning to build a practice, you would want to remain in a loan repayment program as long as you can to free up cash. Once you get a stable and high income, then move to refinancing. Otherwise you will be tied down to a job with poor growth but you can't leave because you gotta make those big repayments.
I would do it as soon as you comfortably can. Refinancing means you lose a lot of protection towards your loans. It also means the clock to repay back your loan starts ticking a lot faster ( if you want good rates).
If you are planning to build a practice, you would want to remain in a loan repayment program as long as you can to free up cash. Once you get a stable and high income, then move to refinancing. Otherwise you will be tied down to a job with poor growth but you can't leave because you gotta make those big repayments.
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