Then reach out and start the application process so you can begin taking advantage of your refinance benefits.
Ready to get refinancing offers from multiple lenders?
With a student loan refinance, you take out a new loan to pay off the old one and then benefit from new interest rates or terms.
For example, you might be able to qualify for a lower interest rate if your credit score has improved or rates have gone done since your loan was originated.
We’ve gathered some of the best student loan refinancing companies for your to explore.
Take a look at each one to figure out which best fits your needs.
Once you determine whether or not refinancing your student loan is right for you, it’s time to start reviewing your options.
Regardless of your financial status, occupation, or age, there are several federal student loan forgiveness programs that could offer you an effective solution.
The minimum refinance amount is ,000 and the maximum is 5,000 for undergrads and 0,000 for graduate students.
Rather than acting as a direct lender, Lend Key instead provides refinance offers from banks and credit unions located across the country.
Alternatively, you could extend the repayment term of your student loan to help lower your monthly payments.
You’ll pay more interest over time, but it can help prevent you from defaulting if your budget it tight.