Refinancing your student loans (such as private, federal, and PLUS) could help you lower your rate, adjust your payment, or pay them off sooner. Just remember, when you refinance federal student loans into a private refi loan, you'll lose access to any current or future federal benefits, such as potential debt cancellation or income-driven repayment options.
With recent announcements from the Biden Administration related to federal student loan debt cancellation, it’s more important than ever to evaluate your options so that you can make educated decisions. For more information, check out these helpful resources: