When you already have private student loans, refinancing can be a great way to reduce your cost over time if you can obtain a lower interest rate. If you have federal student loans and you are wondering if refinancing into a private loan makes sense for you, refer back to my previous blog on Fed Loans vs. Private Consolidation Loans. Before you even begin to look at refi options, you need to have an idea of what your credit looks like. You need to have STELLAR credit for a su

If you have a very HIGH debt to income ratio, meaning your student loan balance is more than your income (especially when it gets to the level of 2x income +), your repayment strategy should consider relying on income-based federal forgiveness programs. In short, what this looks like is you will be making the minimum income-based* payments towards your balance for the maximum repayment term* to maximize your forgiveness, while also saving for the tax consequence (private sect