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When in doubt, use a student loan calculator to compare your current loan with any new loans you’re considering. If you have federal student loans and are on the fence about refinancing, proceed ...
Before choosing, use a student loan refinance calculator to help you crunch the numbers. The U.S. Department of Education also provides a Loan Simulator tool to assist you.
Most student loan refinance companies allow you to get a rate quote with a soft credit check, making the comparison process easy and risk-free. Apply online.
Student loan refinancing is when you apply for a new loan to pay off your current student loans, usually to lower your interest rate or extend your payoff timeline.
Credit unions typically offer personalized service and interest rate discounts.
Extending your repayment terms can lower your monthly required payment, though you could pay more out of pocket in the long run.
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