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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.
Many lenders refinance student loans for people with bad credit, although if a lender does accept a lower credit score, it will almost certainly offer higher rates. As with new student loans, you ...
Refinancing private student loans may be a good idea if you can save money in interest, secure a lower monthly payment – or both – or if you’re simply not happy with your current lender. 1 ...
You could move to a fixed rate to lock in current rates, or refinance at a lower rate than your current one. 2. When you want to shorten or extend the length of time you’ll be making payments.
Student loan refinancing involves applying for a new loan to repay your current student loans. Ideally, taking this step results in obtaining a lower interest rate or extending your repayment ...
Credit unions typically offer personalized service and interest rate discounts.
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