What are the benefits of refinancing student loans?
Refinancing student loans can lower your interest rate, reduce monthly payments, and simplify your finances.
How much can I save by refinancing?
Savings vary, but many borrowers save hundreds to thousands of dollars over the life of the loan.
Are there any risks involved in refinancing?
Yes, risks include losing federal loan benefits and potentially extending your repayment term.
Can I refinance both federal and private loans?
Yes, you can refinance both types, but be cautious about losing federal protections.
What should I consider before refinancing?
Consider your current interest rates, loan terms, and whether you want to keep federal benefits.
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