Student Loan Refinancing

Is Student Loan Refinancing an Actual Thing?

If you are drowning in student loans or struggling to pay back all of your loans, someone may recommend that you attempt student loan refinancing. While most people are familiar with other types of refinancing, such as mortgage refinancing, student loan refinancing is not as common. As such, you may wonder if that really is a thing. There are companies out there that can combine your student loans and refinance them. This may be beneficial as you may only have one payment instead of multiple payments. Refinancing may also help you get a lower interest rate, which means more of your money is going to pay back the loan, instead of simply paying for the interest. If you would like to learn more about student loan refinancing, reach out to us at FinancialMD. Call us now to find out if you qualify for refinancing programs.