Slash Student Loan Debt With This Brilliant Strategy Now

Refinancing Your Student Loans

Refinancing student loans is another viable strategy to consider. By refinancing, you can potentially secure a lower interest rate, which reduces the total amount you pay over the life of the loan. It's important to note that refinancing federal loans with a private lender means losing access to federal benefits, such as IDR plans and PSLF⁵. However, for those with stable incomes and good credit, this option can lead to significant savings.