Refinancing student debt into a lower rate loan can help lessen the pressure that comes with making payments and save you money on your monthly payments. It could also save you thousands over the life of the repayment period.
There’s nothing more gratifying than finishing college and moving onto the next phase of your life. Paying high interest rates on your student loans can be hard to deal with month after month.
In order to refinance or consolidate your student loans you must have a credit score in the mid-600’s or higher and a consistent income, or have someone that can co-sign on the loan with you.
A good place to do research about refinancing student loans is www.studentloans.gov.