Credit & Debt

5 Risks And Rewards To Evaluate Before Refinancing Student Loans

5 Risks And Rewards To Evaluate Before Refinancing Student Loans

The potential to save thousands can be enticing, but you should give serious consideration to whether the savings outweigh the benefits and flexibility that federal student loan repayment options afford. 

 

Should You Refinance Your Student Loans? Step I: Evaluate Potential Savings

Should You Refinance Your Student Loans? Step I: Evaluate Potential Savings

The burgeoning private refinancing market for student loans it as one of the best innovations in the personal finance sector, helping to lighten the load and save individuals tens of thousands of dollars. With competition and the current low interest rate environment, now is an opportune time for millennials to consider refinancing and lighten their student debt load. But it’s not the right choice for everyone.

Swimming In The Real-World Financial Pool

Today’s graduates are diving into the real-world financial pool without even the basic strokes of personal finance. As the recent financial crisis has illuminated, not only is the water quite deep, but there are also plenty of sharks and, unfortunately, not as many lifeguards as we would have hoped.