Ask Terry Questions Student Loans refinance offers

Student Loans refinance offers

By Terry Savage on July 13, 2022 | College Savings / Student Loans

Hello Terry

I’ve been reading about Fiona loans. They say they will refinance your student or other loans at a much lower rate. I have my college loans and 3 year law school loans. Some are through discover and government loans.

Thank you so much

Terry Says

Well, don’t jump into this.
First, there is a big difference between Federal student loans and private loans.
You might want to keep your Federal student loans because if you need forbearance, or income-based repayment plans, in case of an income loss, you can’t get those when you consolidate into private loans.

Second, there are many private lenders who will refinance those loans. You need to get the best deal.
So go to www.Credible.com to see what deal you can get on your private (and federal)loans from different lenders.

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