Have you ever had that feeling of paying off your loans, but noticing the number on the debt owed isn’t really decreasing?
This can be especially common if you took out private student loans during your undergraduate or graduate career. One small silver lining to the COVID pandemic is the incredibly opportune timing to consider refinancing, knowing that the average borrower could save thousands of dollars just by making the change.
Money Magazine’s article on “Why Private Student Loan Borrowers Should Consider Refinancing” explains what you’ll need to apply, how to find the right lender, and other information helpful in determining if this might be the right decision for you. Weigh your options, read the fine print, and check out more information if refinancing your private student loans is right for you.