What is student loan refinancing?

If you have student loans, you may qualify for a lower interest rate. By refinancing more than one loan, you are in fact consolidating them.

Private loans can offer more favorable rates because they're based on your actual credit history and current financial situation. Usually you can qualify if:

  • You have a satisfactory credit history;
  • You’re making a steady income; and
  • You have the ability to repay your debt

How much could you save? Use this refinance calculator.