Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Student Loan Refinancing and other Student Loan topics.
If you are refinancing private student loans, there are a number of criteria that your lender will need to consider before approving the loan. To start, you will probably need to undergo a credit check. In addition, your lender will consider the types of student loans you are interested in refinancing. Keep your government serviced loans separate from those through a private lender. The federal loans often have other benefits and a lower interest rate that you don't want to lose. Comparison shop before you settle on a lender to refinance your loans for you to get the best interest rates and terms.
Guru Spotlight |
Jennifer Mathes, Ph.D. |