October 1, 2021

Should you refinance your student loans?

Federal student loan forbearance resulting from the pandemic is due to expire January 31, 2022. Currently, these loans don't accrue interest, and suspended payments count towards Income-Driven Repayment (IDR) plan forgiveness and Public Service Loan Forgiveness (PSLF). However, private student loan companies are offering rates as low as ~1 to 2% variable (3 to 6% fixed) to lure borrowers. Should you consider refinancing your student loans? Should you refinance your student loans?

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