Sentences with phrase «if federal refinancing»

Not exact matches

Be careful when refinancing; if you currently have federal loans, for example, you could be giving up benefits like access to deferment, forbearance, or income - driven repayment options if you refinance with a private lender.

Keep in mind that if a borrower chooses to refinance federal student loans through a private lender, they will lose the protection and benefits of federal student loan programs.

So if you want to retain federal protections, refinancing probably isn't the best move.

If you currently have federal loans and are in an income - driven repayment plan, you are not eligible for refinancing.

If you work as a federal employee such as a teacher, or for a nonprofit, you may not want to refinance your federal loans since these occupations are more likely to be eligible for loan forgiveness after making regular payments for a set number of years.

It should be noted that if you refinance with a private lender, then you will lose eligibility for federal programs such as forgiveness and income - based repayment.

If you have multiple loans, including both federal and private loans from different lenders, refinancing consolidates your debt.

If your income is unsteady, you have trouble making monthly payments, or are interested in pursuing a federal student loan forgiveness program, refinancing is probably not right for you.

If graduates are currently participating in an income - based payment plan, they may want to reconsider refinancing their federal student loans.

If you have federal loans and are struggling to make consistent payments, refinancing is also not for you.

If you have excellent credit and a stable job, you can probably save money by refinancing existing federal or private student loans.

If you are not able to refinance, there are still ways to make your federal student loans easier to manage.

If you're worried about losing your income or are working toward federal loan forgiveness, refinancing may not be the right choice for you.

If you are considering refinancing your federal or private student loans, you should understand the various types of refinancing rates and options.

Refinancing can be a great solution if you have high - interest federal or private loans, but you must meet certain criteria to qualify for a loan.

If you refinance federal student loans, you'll no longer have access to federal protections.

This is especially true if you are refinancing a federal student loan.

Borrowers with federal student loans may also find that their payments go up after refinancing if they had been on a graduated payment or income - driven repayment plan.

While federal direct consolidation is pretty straightforward, if you're interested in private student loan consolidation, or refinancing, it'll take a little more work.

If you want to consolidate your private loans with your federal loans, refinancing might be a better option for you.

If you refinance federal loans, you will no longer be able to take advantage of federal repayment programs or loan forgiveness.

If you have a mix of both private and federal student loans, you can refinance them together with a private lender, even if you have private loans from multiple lenderIf you have a mix of both private and federal student loans, you can refinance them together with a private lender, even if you have private loans from multiple lenderif you have private loans from multiple lenders.

This is because federal student loans come with certain borrower benefits that you would lose if you chose to refinance federal and private loans together.

If you do choose to refinance your federal student loans, understand what impact it may have on your monthly payment as well.

If you are carrying federal student loans, take a closer look these three options that refinancing could potentially affect:

If you are confident in your ability to repay your loans over your given repayment term and are seeking to maximize savings, and you also have a good credit score and healthy income, refinancing your federal loans could be a wise option.

You can see if you qualify for the CalHFA Mortgage Insurance Services HARP Eligible Program, which links homeowners who have CalHFA - insured mortgages with the federal government's Home Affordable Refinance Program (HARP).

If you're thinking of refinancing your federal student loans, it's crucial to compare your repayment terms.

If you have good credit and you haven't retired yet, you might be able to refinance your Federal Direct Parent PLUS loan to a lower rate that saves you money.

You'll also lose access to IDR plans if you turn your federal student loans into a private one through student loan refinancing.

As you consider refinancing your student loans, be aware that working with a private lender isn't a wise move if you want to keep your federal loan protections or are working toward loan forgiveness.

As with federal student loan consolidation, you should consider refinancing with a private lender if you want to simplify your monthly payments.

So if your income is unstable, it might not be wise to refinance federal student loans with a private lender just yet.

If you refinanced your federal education debt into a private loan, you'd lose access to IDR plans.

Refinance is a great option if you have a mix of private and federal loans and want a lower interest rate.

You won't be able to take part in those programs if you refinance federal loans.

If you choose to refinance federal loans, you'll sacrifice some benefits including Income - driven repayment plans and Public Service Loan Forgiveness

If you have low - rate federal loans, refinancing to a variable interest rate probably doesn't make sense.

With the recent increases in the Federal Reserve's short - term rate and the Treasury 10 - year note, all eyes are on mortgage rates to determine if this might be the last, best time to refinance.

If refinancing a Pentagon Federal Credit Union RV / Travel Trailer loan, you must apply for an additional $ 5,000.

If you have federal loans and refinance them, you will lose out on benefits like access to income - driven repayment plans, deferment and forbearance, and some forgiveness plans.

Have federal student loans and don't plan to use federal benefits such as income - driven repayment and loan forgiveness (you'll lose access to those programs if you refinance)

For example, if you refinance federal loans, you'll lose out on access to IDR plans.

If you do decide you want to refinance your federal loans with your private loans, you will have to work with a private lender.

TIFIA direct loans can only be used to refinance: (i) interim construction financing of eligible project costs; (ii) existing Federal credit instruments for rural infrastructure projects; or (iii) long - term project obligations or Federal credit instruments if the refinancing provides additional funding capacity for the completion, enhancement, or expansion of an eligible project.

Refinancing isn't for you if you have poor credit, an uncertain job situation or have federal loans and want to pursue an income - driven repayment plan or loan forgiveness program.

If you want to consolidate your private and federal loans, you'll have to refinance it outside of this program.

But a refinance isn't a solution if you're currently struggling to make payments, especially if you have federal loans.

If you have multiple federal and private student loans, you can refinance and consolidate into one convenient payment.

This is a great option for people who have private and federal student loans, but you can also refinance if you have just one or the other.