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Is refinancing your student loans a good idea?

I owe $$ on my student loans. I received some information about refinancing which sounds pretty good. Does anyone have any advice on this? What are the advantages and disadvantages of doing this?


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One Response to "Is refinancing your student loans a good idea?"

  1. Skip says:
    Yes if your payments and interest rate is loweredd and it doesn’t it is not expensive.

    You should look into refinancing only if the above is true.

    The advantages is that you would make lower monthly payments, though it might be spread over a longer period of time. If you can keep the same time frame for paying the loan off with lower payments that would be better.

    The disadvantage is if you don’t refinance to a lower rate and lowere payment you will continue to pay the same monthly payment as you are now which might be higher unless you look into the possibility of refinancing the loan.

    You might try this link and see if they can offer you a better deal.

    I hope this has been of some use to you, good luck.

    “FIGHT ON”

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