Student Loan Refinancing

[ACLPCL]

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I've recently discovered several different student loan refinancing options (see examples here: http://studentloanhero.com/featured/5-banks-to-refinance-your-student-loans/ )

Curious to see if anyone has any experience with any of these companies, specifically Darien Rowayton Bank?

 

[dpmd]

You will lose a lot of repayment flexibility with those loans so you better be sure you will be able to afford full repayment.

 

[The White Coat Investor]

You will lose a lot of repayment flexibility with those loans so you better be sure you will be able to afford full repayment.

You lose the IBR/PSLF, but if you are paying back your entire loan anyway, there is little downside to refinancing at a lower rate. I did a blog post on it recently:

http://whitecoatinvestor.com/refinance-your-medical-school-loans-at-a-lower-rate/

 

[ACLPCL]

Thanks! That makes sense.

Any tax benefits with regards to the interest paid off, or no deal?

 

[dpmd]

Thanks! That makes sense.

Any tax benefits with regards to the interest paid off, or no deal?

You should get to deduct the amount paid off or the max deduction (if your income isn't too high).