Yes, refinancing student loans can save you money. “Can” being the operative word. Several factors can make refinancing great for some folks and not the best solution for others. Refinancing student loans can accomplish different goals for different people and in some cases more than one goal can be achieved depending on the individual circumstances. We have outlined three common goals our customers have conveyed.
Jan 10, 2020 1:15:00 PM
Aug 26, 2019 12:33:51 PM
Student loan refinancing is a hot topic in the news these days. Legislators are making proposals to bring refinancing in at the Department of Education, and a day doesn't go by without some big headline about soaring student debt levels. But is refinancing a good idea for everyone? That is a definitive no.
So when does it make sense to do? Here are 5 reasons you may want to consider refinancing your student loans.
Nov 5, 2018 1:50:00 PM
It happens to all of us who borrowed for college: notifications from lenders that your student loan payments will soon be due. It's time to craft a plan of attack.
Sep 24, 2018 12:05:00 PM
If you are a cash-strapped graduate or parent, you can see the obvious temptation of getting on an income-driven repayment plan. There are certainly benefits to taking this strategy, but also some reasons why you should think twice. Below, we have outlined the biggest pros and cons of signing up for an income-driven repayment plan on your student loans.
Aug 31, 2018 8:57:00 AM
Today's low interest rates provide opportunity for many PLUS loan borrowers to reduce their rate and save thousands on interest charges.
PLUS loans are one of many options available to parents who need to bridge the gap between the amount of financial aid received and the total cost of college. The PLUS loan often provides a path of little resistance, since there is only a basic credit check and no documentation required. But it doesn't offer the same low rates and wide array of benefits that you see on the Federal Direct Subsidized and Unsubsidized loan programs. Once you enter repayment, you may be wondering if you can do better. If that is you, it may be time to consider refinancing.
Jul 23, 2018 12:29:00 PM
We get tons of questions on a regular basis regarding student loan refinancing. If you have questions, we have answers! If you don't see your question below, feel free to write to us at firstname.lastname@example.org.
Jun 27, 2018 4:38:00 PM
Refinancing can be a great way to save money and combine your student loans into one easy to manage monthly payment. Refinancing is typically a draw for those who are looking to reduce their interest rate, lower their monthly payments, or both! If a lender rejected your application, you might be feeling disheartened. Don't get yourself down just because one lender denied you; it doesn't mean there's nothing left for you to do. We've rounded up some tips to help you recover from your rejection and take control of your student debt.
Feb 20, 2018 11:59:00 AM
Paying off your student loan debt can be a daunting task. Are you stressed about how you're going to make your monthly payments in addition to other bills and responsibilities? Take a look at our student loan repayment strategies infographic and see what may work best for you and your budget. Keep in mind that not every strategy will apply to everyone, but each option is worth looking into!
Jan 31, 2018 11:55:00 AM
You've decided student loan refinancing is the right course of action for you. Maybe you are sick of your high interest rates, or juggling 4 bills a month from different lenders, or you want a lower monthly payment. Whatever the reason, you've done your research on what student loan refinancing is, understand the pros and cons, and have decided to take the leap.
Jan 2, 2018 12:03:00 PM
In life, nothing is guaranteed. Oftentimes things change, and your student loan payments may just be one of those things. Recent increases to variable interest rates, after a very long period of staying static, have left many student loan borrowers in a state of shock. When rates increase, so do monthly payments on variable rate loans, and after sitting at historical lows for nearly a decade, market rates have been on the rise these past two years.