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By Terry Savage on August 23, 2025 | College Savings / Student Loans

I have $89000 left with mohela. 7.1%. When I go to do idr I get nothing better. Do I want to refine outside mohela? If so how? Any help is welcome. Thank you,

Terry Says

It’s hard to advise blindly. Did you go to StudentAid.gov and see what your monthly payment would be on an IDR plan? It surely must be less than a standard plan.
If not, and if your credit is good, definitely go to Sofi.com or Credible.com to see what kind of a refinancing deal you could get.
It’s tough to have this hanging over you — so if you can sell something, anything, to pay down the balance, that makes the most sense.

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