A financial planner says anyone who hasn’t considered refinancing private student loans right now is ‘doing themselves a disservice’

  The financial fallout from the coronavirus pandemic has dropped interest rates to lows not seen in quite a while. For anyone who took out loans in years where interest rates were previously high, refinancing could save. Refinancing a student loan generally involves replacing the loan with a private student loan with a lower interest rate For those with federal loans, however, refinancing could mean losing the federal forbearance in place until September 2020, as well as the ability to qualify for federal income-driven repayment or loan forgiveness programsLearn more about getting or refinancing a student loan

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