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Student Loan Refinance

Pros And Cons Of a 10-Year Student Loan Refinance Term

When you apply for refinancing, the lender will offer you a choice of multiple loan terms. Most offer loan terms of 10, 15, 20, 25, and 30 years though this may vary among lenders. Choosing the loan term that works best for you is no easy decision. The term you choose will determ ...

by Allison Wignall on July 27 2021

Student Loan Refinance

Instead Of Forgiving Student Loan Debt, Some Politicians Propose A Refinance Act 

Although President Biden has laid the foundation for student debt cancellation, the proposal seems unlikely to get passed by Congress. Some politicians are pushing to drop the plan altogether. Instead, they have by Refi.me Staff on July 16 2021

Student Loan Refinance

Students Aren’t Ready To Resume Payments: Here’s What To Do 

Following the coronavirus pandemic, the U.S. Department of Education granted forbearance on all federal student loans until September 30, 2021. For most borrowers, this payment pa ...

by Refi.me Staff on July 16 2021

Student Loan Refinance

What Information Is Needed For Refinance Application Approval?

The refinancing process is similar to that of taking on a brand new loan. When you apply for refinancing, you’ll need to provide certain just as you did when you applied for your current loan. Some of the information will need to be supported by the relevant documents. Lenders as ...

by Refi.me Staff on July 16 2021

Student Loan Refinance

Questions To Ask When Choosing A Student Loan Refinance Lender

Looking to refinance your student loans? You'll need to choose a lender. Refinance lenders vary considerably in terms of eligibility requirements, interest rates, penalties, and every other aspect. Asking these questions when choosing a student loan refinance lender will increase ...

by Refi.me Staff on July 16 2021

Student Loan Refinance

What Does It Cost to Refinance Student Loans?

If you want to refinance your student loans to get a better interest rate or different repayment terms, you may be wondering about the costs of doing so. Thankfully, there are very few if any fees related to actually refinancing your student loans. Here’s what ...

by Refi.me Staff on July 14 2021

Student Loan Refinance

Average Student Loan Debt in 2021: How Refinancing Can Help

The cost of higher education in the U.S. has been increasing steadily year after year. Every year, students take on more student loan debt than the previous year. For most families, the only solution is to borrow money by way of federal and private student loans. Student loan deb ...

by Refi.me Staff on July 12 2021

Student Loan Refinance

Are There Hidden Fees With Student Loan Refinance?

Generally, there are no fees associated with student loan refinance. There are no prequalifying fees, nor are there any application or origination fees. Most lenders will go out of their way to give you the best deal without charging you any extra costs. Many even offer additiona ...

by Refi.me Staff on July 12 2021

Student Loan Refinance

Is Refinancing Your Student Loans Worth It?

Is refinancing student loans worth it? There’s no one answer that’s right for everyone. The benefits of refinancing depend on someone's goals and financial situation. In general, however, it is worth refinancing student loans. Especially if you qualify for a lower rate a ...

by Refi.me Staff on July 12 2021

Student Loan Refinance

Why Knowing Your Student Loan Refinance Goal Is Important

Refinancing is an effective way to better manage your student loans. It allows you to exchange your old loans for a new loan with different terms. While this is an established fact, many borrowers rush to refinance without considering their refinance goal. This can be a huge mist ...

by Refi.me Staff on July 2 2021

Student Loan Refinance