On occasion, banks report incorrect information on your credit report, which can dramatically lower your credit score and lower your ability to get a new loan at the best possible rate. (personalprofitability.com)
Just like refinancing your mortgage or car loan, refinancing your student loan is the process of getting a new loan with a different interest rate or repayment term. (lendedu.com)
By refinancing, you can get a new loan with a fixed interest rate and guarantee a consistent rate for the life of your loan. (studentloanhero.com)