Sentences with phrase «refinancing federal student»

Refinancing federal student loans with a private lender isn't for everyone.

Carefully consider the pros and cons of refinancing federal student loans.

Refinancing federal student loans means missing out on forgiveness or income - driven repayment options.

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

Be sure to weigh the pros and cons before you refinance, especially if you're considering refinancing federal student loans.

Refinancing your federal student loans can get you a better interest rate, and save you money, but how much you will actually save by refinancing?

Borrowers should be aware that by refinancing federal student loans, they will lose the benefits of federal loans, such as student loan forgiveness and income - driven repayment plans.

It is crucial to review each of the benefits and drawbacks of refinancing federal student loans before taking that leap — because once you make the decision, you can not go back to federal student loans.

However, refinancing federal student loans to a private student loan lender comes with some caveats of which you should be aware.

Refinancing federal student loans with a private lender isn't for everyone.

Also, note that refinancing federal student loans with a private lender means you lose access to certain programs and benefits.

If you're considering refinancing federal student loans with SoFi — or any other lender, for that matter — you should carefully weigh the benefits against the risks.

Disclosure Regarding Federal Loans See your loan agreement for important disclosures about the consequences of refinancing federal student loans with Education Loan Finance.

Also, keep in mind that refinancing a federal student loan or parent loan may cause you to forfeit certain repayment or forgiveness benefits for which you may be eligible that only federal loans offer.

Refinancing your federal student loans is a big decision that needs to be made very carefully.

Generally, refinancing your federal student loans makes the most sense if you meet all of the following four conditions:

The limitations with private loans are why it is important to consider what you may be giving up by refinancing a federal student loan with a private loan.

That's why, if you're ever considering refinancing your federal student loans into a private student loan, you need to think long and hard: Doing so would mean you're giving up these awesome safety nets.

If you're refinancing federal student loans, you will lose some of the more generous hardship and forgiveness benefits - especially Perkins loans.

Review these important details before refinancing federal student loans.

If you're refinancing federal student loans into private loans — those originated by private banks and financial institutions — you'll lose the protections and programs that government - sponsored student loans provide.

One thing to remember, though, is that refinancing federal student loans means buying them out with private student loans.

Be extremely cautious before refinancing a federal student loan.

** By refinancing federal student loans, you may lose certain borrower benefits from your original loans, such as interest - rate discounts, principal rebates, or some cancellation benefits that can significantly reduce the cost of repaying your loans.

Refinancing Federal student loans means you give up benefits like income based repayments, but it's an excellent option for people who have achieved financial stability.

But there's one super important thing you should know before refinancing your federal student loans into private loans: you will give up certain federal protections.

If you meet all of the above requirements, then refinancing your Federal student loan could potentially make sense as a way to save money over the life of the loan.

Refinancing federal student loans with a private lender means forfeiting federal benefits such as loan forgiveness or an income - driven repayment plan.

If you are financially secure, want to pay off loans faster, and have good credit, refinancing federal student loans with a private lender may be the best route for you.

However, before refinancing any federal student loans make sure you understand what important benefits you might lose.

Refinancing her federal student loan debt at 4.5 percent interest will save her $ 12,000 over the life of her new loan.

Technically this should have been rolled up into the point above, but I think it deserves its own spot on the list because it's so important: Refinancing federal student loans into private student loans means you lose the ability to place your student loans into deferment or forbearance.

But if you are refinancing federal student loans, unfortunately you're going to be giving up a lot.

You would need to carefully consider when refinancing federal student loans though because they often come with benefits, such as loan forgiveness in certain career paths.

Keep in mind that refinancing federal student loans will eliminate the benefits that come with them.

Refinancing federal student loans with a private lender could mean the loss of the borrower protections guaranteed by federal loans.

Refinancing your federal student loan might get you a lower interest rate or a lower monthly payment, but it also removes a lot of valuable borrower protections.

We put together a step by step process that shows you when exactly you should consider refinancing your Federal student loans.

Be aware, all borrowers should be wary of refinancing federal student loans into the private sector.

If you are considering refinancing your federal student loans, don't fall into the trap of believing you won't be eligible for tax deductions just because you now have a private student loan!

During Katko's first term in the House of Representatives, he co-sponsored bills that would discharge bankruptcy due to student loans, enable refinancing federal student loans multiple times and broaden Pell Grant eligibility.

Anyone who might need an income - driven plan or other federal protection in the future might want to hold off on refinancing any federal student loans.

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

Refinancing federal student loans means missing out on forgiveness or income - driven repayment options.

Refinancing her federal student loan debt at 4.5 percent interest will save her $ 12,000 over the life of her new loan.

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

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

You briefly mentioned loss of benefits when refinancing federal student loans.

Borrowers who refinance federal student loans with private lenders lose access to borrower benefits like access to income - driven repayment programs and the potential to qualify for loan forgiveness after 10, 20 or 25 years of payments.

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.