Refinancing your student debt is just like your car or home mortgage.
The new lender pays off your old one and gives you a new one with new, hopefully lower interest rate.
The variable interest rate ranges from 2.59% to 8.38% APR.
The fixed interest rate ranges from 4.74% to 8.24% APR.
These companies are all reputable private or federal companies that accept online applications.
If I have missed any companies please let me know and I will add them to this comparison post.
If your job is lost, So Fi will suspend your payments temporarily to help you get back on your feet and start earning an income once again.The repayment term length will vary depending on your needs; however, So Fi offers 5-year to 20-year plans for both the fixed and variable interest rate.There are many different benefits to choosing and working with So Fi to refinance your loans.So Fi boasts flexible and low rates and repayment terms for your student loan consolidation and refinancing.In fact, they offer a variety of plans to help meet your needs. One of the benefits of the program is that you will NOT incur any prepayment penalty fees and there are absolutely no origination fees.