3 Times It Makes Sense To Refinance Your Student Loans

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Posted on January 31, 2019 at 04:18 AM

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7 Times It Makes Sense to Refinance a Loan | Debt | US News
To avoid a financial misstep, stick to the following seven guidelines about when experts say it makes sense to refinance. [Read: A Guide to Refinancing or Consolidating Your Student Loans .] 1.
3 Times It’s Wise to Refinance or ... - Student Loan Hero
Refinancing is only available through private lenders. When you refinance, you get a new loan to pay off your other student loans. You may refinance to get a loan with a shorter or longer repayment term or lower interest rate. As a result, refinancing may save you more money over your student loans.
3 Times Refinancing Your Student Loans Is A Bad Idea
Let’s say your original interest rate is 6.8% instead. With the same five-year repayment period left, you would save over $2,500 in interest by refinancing to a 4.99% rate. Before you refinance your loans, make sure you use a student loan refinancing calculator and run the math.

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