
This summer, we wrote a bit about the different types of student loans that are available through the U.S. Department of Education. One aspect of student loan planning that we touched on, but not in great detail, was the ability to refinance federally issued student loans with a private company. What is Student Loan Refinancing? Student loan refinancing is like refinancing other loans, most commonly, a mortgage. With refinancing your student loan, the borrower is receiving a new loan at a new interest rate and/or term through a private company. Your old loan is paid off by this new issuer.…
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