Refinancing Student Loans
Refinancing medical school loans is one strategy to save on interest costs. Some lenders specialize in refinancing medical student loans and also allow residents and fellows to make minimum payments until they have a full-time job.
If you are eligible for a lower interest rate than what you are currently paying on your student loans, refinancing usually makes sense as long as you aren't dependent on federal benefits such as income-driven repayment plans and student loan forgiveness.
When borrowers first hear that it’s an option, they often ask themselves, “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 […]
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