There are many reasons why someone might decide to refinance their student loans:
- To move to a lower interest rate
- To consolidate multiple loans into one
- To find a better student loan servicer
But for many people, this means leaving the “relative comfort” of the loans provided by the federal government and their contractors and finding a loan from a private operator. If you are financially stable and plan to pay off your loan in full as quickly as possible, this change has the potential to save you money.
Learn more about how to find the right loan refinancing option and who are the best candidates to do so in this article.