«So, technically, the original student loan is being paid back early but it is also being replaced with new a loan.» (fortune.com)
Lenders have different terms and conditions that they offer when borrowers refinance student loans, but most of them are less flexible than the terms of the original student loan. (studentloans.net)
CommonBond's average savings methodology excludes refinance loans during the period mentioned above in which members elect a refinance loan with longer maturity than their existing student loans, the term length of the member's original student loan (s) is greater than 30 years, and the member did not provide sufficient information regarding his or her outstanding balance, loan type, APR, or current monthly payment. (commonbond.co)