how to refinance my student loans

Best answer


To refinance your student loans,call up a lender and ask them to walk you through their loan application process. The lender will assess your financial portfolio and background; if they like what they see they鈥檒l extend an offer. The higher your income and credit score, the better shot you have at locking in a lower rate.

People also ask


  • What is student loan refinancing and how does it work?

  • In a nutshell, student loan refinancing is when a private lender pays off your existing loans and gives you a new loan with new terms. It usually costs nothing to refinance student loans, and you can save a lot over time by lowering your interest rate. So how does student loan refinancing work?

  • What should I consider before refinancing student loans?

  • Consider all options before you refi. In a nutshell, student loan refinancing is when a private lender pays off your existing loans and gives you a new loan with new terms. It usually costs nothing to refinance student loans, and you can save a lot over time by lowering your interest rate.

  • When do federal student loan payments restart?

  • Federal student loan payments restart after Jan. 31, 2022. Consider all options before you refi. Here鈥檚 how to refinance student loans, in a nutshell: Find lenders that will offer you a lower interest rate. Compare them. Apply. If you鈥檙e approved, the new lender will pay off your existing lender.

  • Does refinancing make sense for You?

  • Refinancing can make sense if it can save you money, but not everyone should refinance. You’ll need strong credit and finances to qualify for the lowest rates and meet a refinance lender’s eligibility criteria.

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