Depending on your financial situation, refinancing your student loans might be a practical repayment strategy. Student loan refinance loans are available to eligible borrowers who have federal or private student loans.
Refinancing gives borrowers the opportunity to potentially lower their student loan rate or extend their repayment term. This can mean a lower monthly payment and less money paid toward interest fees.
Before refinancing your student loans, however, it’s crucial to understand where current student loan refinance rates are today and how they might impact you.