This can make it a challenge to know what a borrower may be eligible for in terms of a new loan, its interest rate, and if a cosigner is required or not. (lendedu.com)
Consider the repayment terms of the new loan versus the old federal loans. (lendedu.com)
In a rate - and - term refinance, the only terms of the new loan which differ from the original one are either the mortgage rate, the loan term, or both. (themortgagereports.com)