
The student loan crisis in the U.S. grows by millions of dollars every day. The cost of tuition is growing, and wages aren’t keeping up. Which means that people are defaulting.


But a default can stay on your record for a long time, making common goals like purchasing a house more difficult.

But it isn’t right for everyone.

It Does Not Make Sense To Refinance Your Student Loans If:

Your private student loans have high prepayment penalties

You have federal student loans and rely on federal protection, like access to income based repayment options

You have a very low credit score and don’t have anyone who could co-sign

You are working toward Public Service Loan Forgiveness (PSLF)

You are still in school and have subsidized loans (the government pays your interest while you’re enrolled)

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