how to refinance my student loans

Best answer


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. Going forward,you鈥檒l make monthly payments to the new lender.

People also ask


  • Should you refinance your student loans with a private lender?

  • Through refinancing with a private lender, some student loan borrowers have the opportunity to lower the interest rates on their loans. Lowering an interest rate isn鈥檛 the only reason that borrowers are refinancing.

  • How do I compare student loan refinance rates?

  • You can compare rates from multiple student loan refinance lenders at once, or visit each lender鈥檚 website individually. As you shop, some lenders will ask you to pre-qualify 鈥?supply basic information to give you its best estimate of the rate you might qualify for.

  • Is it hard to refinance international student loans?

  • While international student loan refinancing can be challenging, it’s not impossible. Many of the hurdles for student borrowers can be mitigated when borrowers learn more about how their options work, says David Green, CEO at Earnest, an online lender that provides private student loans and student loan refinancing.

  • 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.

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