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Student Loan Refinance – Product Update [Review]

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Private student loans can be used to pay college costs, ideally after you have borrowed the maximum you qualify for in both subsidized and unsubsidized federal student loans. Private student loans come from banks, credit unions or online lenders.

Student Loan Refinance

Student Loan Refinance

5.0
Our ratings take into account a product's rewards, fees, rates and other category-specific attributes. All ratings are determined solely by our editorial team.

Refinancing Student Loans

Student Loan Refinance

5.0
Our ratings take into account a product's rewards, fees, rates and other category-specific attributes. All ratings are determined solely by our editorial team.
When faced with any big decision in life, it can help to write a list of the benefits and drawbacks for each option.

Refinancing can have some upsides, including saving you money on interest and adjusting your monthly payments.
Variable APR

7.5%

Quaterly

Fixed APR

4%

Yearly

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Why We Picked It

Whether you’ve got private or federal student loans, refinancing with a private lender can be a great way to restructure your debt. Here are the main benefits of refinancing your student debt.

Pros
  • Snagging a lower interest rate on your loans
  • Adjusting your monthly payments with new repayment terms
  • Switching to a new lender with better benefits
Cons
  • Losing access to federal programs and plans
  • Giving up flexibility in your repayment terms
  • Having to meet credit and income requirements

We’ve done the research to find the top private student loans for parents and students to consider. Remember, the low end of the interest rate ranges will only be available to those with good or excellent credit scores.

Student loan refinance attribute change

Student loan refinance attribute change

4.3
Our ratings take into account a product's rewards, fees, rates and other category-specific attributes. All ratings are determined solely by our editorial team.
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Student loan refinance attribute change

4.3
Our ratings take into account a product's rewards, fees, rates and other category-specific attributes. All ratings are determined solely by our editorial team.

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Fixed APR

ssansban

Montly

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Why We Picked It

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Pros
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Cons
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QA Test

0.0
Our ratings take into account a product's rewards, fees, rates and other category-specific attributes. All ratings are determined solely by our editorial team.
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Why We Picked It

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Pros

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