Got student loans? At last, some good news: It’s now easier than ever to refinance (federal or private) loans at low interest rates. You can quickly find out your eligibility and how much you could save by using the calculator above.
To get accurate information, you’ll need to first know your credit score.
What is student loan refinancing?
Refinancing your student loans means taking your existing private or federal loans and moving them over to another private lender. For refinancing to make sense for you, this new lender would have to offer you a lower interest rate than the one you’re paying now.
You can use the calculator above to quickly see if you’ll be able to save money by refinancing. Then, you can read more about the pros and cons of refinancing here.