Make Money Online | Up to $50 Per Survey ✅
Why should you refinance your student loan debt?
It’s simple to check your rate and can save you a lot of money.
There are a lot of competing student loan companies and that’s good for you. That means you can get the best possible interest rate which can save you a lot of money. The average user saves $18,668 when refinancing. You can check your rate for all of the lenders on this page in under 3 minutes.
If you have a high-interest rate on your student loans.
Fortunately, for many graduates, refinancing can be a great opportunity to help with loan payments. If you have federal or private student loans with an interest rate over 4%, then refinancing them will save you a lot of money. Student loans with 6.8% interest rates mean that you’ll need to pay $586 a month in interest alone for every $100,000 you owe. You could also refinance your student loans to a longer term to help lower your monthly payments.
If you don’t qualify for public student loan forgiveness.
Public student loan forgiveness (PSLF) was created in 2007 in order to encourage graduates to pursue full-time work in public sectors including nonprofits and government organizations. If you are working in one of these fields, and have been consistent with your payments, it’s best to weigh your options and see if refinancing or PSLF will save you more money over the life on your student loan.
How to find out what your new rate would be?
If you are interested in refinancing student loans, it’s simple to check. Here are our top 5 picks for refinancing student loans. You can get your new rate in under 2 minutes by visiting the site:
|Variable APR||2.47% to 6.99%||
2.47% to 5.87%
|2.47% to 8.03%||2.95% to 6.37%||2.48% to 6.25%|
|Loan Types||Variable & Fixed||Variable & Fixed||Variable & Fixed||Variable & Fixed||Variable & Fixed|
|Terms||5, 7, 10, 15, 20||5 to 20||5, 7, 10, 15, 20||5, 7, 10, 15, 20||5, 7, 10, 15, 20|
|Eligible Loans||Private & Federal||Private & Federal||Private & Federal||Private & Federal||Private & Federal|
|LEARN MORE||LEARN MORE||LEARN MORE||LEARN MORE||LEARN MORE|
Would you qualify for student loan refinancing?
Now in 2018, more than ever, various private lenders are helping student loan borrowers refinance at lower rates and save thousands of dollars in interest — that is, borrowers with good credit.
|Need Extra Cash — For Free?
SurveyJunkie is known as one of the #1 paid survey site. Take paid surveys anytime and anywhere via PC, Laptop, Tablet, or Cell Phone.
Before you decide if student loan refinancing is right for you, you should check to see if you would qualify.
Here are some common eligibility requirements:
Must have a good credit score.
Each lender will have a different credit score requirement, but typically you’ll want to have a credit score of 700 or above.
|Want $100/Mo Free?
Join Swagbucks for free. Swagbucks pays you to watch videos, search, shop, take surveys, and more. They have paid out so much free money so far!
Join Now and Get $5 Free
Definitely should have a college degree.
You should have graduated with an associates’ degree or higher from a Title IV school.
You should be employed or have a job offer.
Most lenders require that you are employed or have sufficient income from other sources, or have an offer of employment to start within the next 90 days.
Good Repayment history
You’ll want to be current on your bills, credit cards, and other loans, including student loans.
|*Once you have determined that refinancing your student loans is right for you, we would recommend reviewing your credit report. You can get your credit report for free by using AnnualCreditReport.com or Credit Sesame. If there are any discrepancies on the report, dispute them. This could improve your score and, in turn, improve the terms of the loan.|
Latest posts by SavingLoop Staff (see all)
- Panda Express Feedback: Free Meal with Panda Express Survey - May 17, 2019
- RossListens Dress for Less Feedback Customer Survey (2019) - May 16, 2019
- TellSubway.com: Take TellSubway® Survey — Get a Free Cookie - May 16, 2019