Private loans also mean you can refinance without worrying about
losing flexible repayment terms.
Not exact matches
When you refinance to a private loan, you will you
lose access to the
flexible repayment plans and other benefits that federal loans offer.
But if you plan to refinance your federal student loans, it must be done with caution as you tend to
lose some benefits that usually associate with some of them such as loans forgiveness, deferment, forbearance and
flexible repayment plans such as early
repayment and income based
repayment programs.
You will also
lose several important benefits of the federal education loans, such as
flexible repayment terms and generous loan forgiveness and cancellation provisions.