Refinancing Student Loans
While the government does not offer federal loan refinancing options, federal student loans can be refinanced through private lenders. In some cases, this can lead to more manageable payments and lower interest rates, but it often comes at the expense of borrower protections offered by the federal government.
For medical students who graduate with more than $200,000 in student loan debt on average, refinancing is one strategy for managing their student loan payments while in a residency or fellowship program. Some of today's lenders specialize in refinancing medical student loans, allowing residents to make minimum payments during training.
Should I refinance my student loans? That’s a great question. After the dust settles and the reality of student loan debt repayment hits, many college graduates are forced to ask that very question. The answer, like most things in life, is not always cut and dry. Refinancing student loans can potentially lower your interest rate, decrease […]
Many people struggle with student loan debt and it may stop them from pursuing other financial goals. While there are ways to manage student loan repayment, refinancing student loan debt is one way to create a more manageable debt repayment plan. Whether you have federal or private student loans, refinancing may be a feasible option for […]
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