50+ Refinancing Student Loans Reddit Photos. Welcome to /r/studentloans, the largest and oldest reddit community for discussion, information, and assistance related to the topic of student loan debt. So i know due to this pandemic, the federal interest rates are cut and whatnot and people are considering refinancing their student loans.
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The reddit student loans community is an environment of discussion, information, and also assistance related to. Because student loan refinancing is such a competitive industry, shopping around for loans based on their rates and terms can help you find out which lenders are offering the most lucrative refinancing options for someone with your credit profile and income. While student loan refinancing can save you money, it might not help if you end up losing your job and can't make payments.
Here we compare the top private student loan providers of 2020.
If you have good credit and a stable job, the lower interest rates may save you money. While you can do that manually on your own, there's a simpler way: When you refinance student loans, you lower your payments by consolidating your private or federal student debt into a new loan with a lower rate. For example, deferment is lost when refinancing, says josh hastings who runs the personal finance website moneylifewax.com.
