Slash Student Loan Debt with Genius Tips Inside
Refinancing: A Smart Move?
Refinancing your student loans can be a smart financial move, especially if you have high-interest private loans. By refinancing, you can potentially lower your interest rate, reduce your monthly payments, or even shorten the term of your loan. However, it's crucial to carefully weigh the pros and cons, as refinancing federal loans with a private lender means losing access to federal benefits like IDR plans and loan forgiveness4.