Regarding a couple of years before, I thought i’d re-finance my college loans which have Serious, an event-basic lender situated in Bay area. Let me reveal my personal tale of one’s application process, paying off my personal funds and my personal sense negotiating less attract speed.
I did so a ton of lookup before generally making the decision to refinance my education loan. Refinancing isn’t really for all, but it is of course something you should believe if you have pupil loan debt. Myself, I’d several desires in your mind whenever i chose to re-finance: straight down my rate of interest and you can consolidate my personal money.
I happened to be expenses both federal and personal financing as i decided so you can re-finance, at some prices anywhere between step three and 8%. I might say all the loans had a good 5-7% rate of interest. Basic We applied which have SoFi, various other student loan refinancing team one to promotes plenty.