Forbes asked me for some tips on student loan repayment plans and refinancing and I was happy to provide! Here's what I said:
“Private loan refinancing is a great option for individuals looking to pay off their loans over a short time period or if they do not qualify for flexible payment plans but want to try to lower payments by lowering their interest rates,” says Jacob Parish, a financial advisor at Schooner Financial Associates in Scottsdale, Arizona.
One potential downside, Parish notes, is you may lose access to benefits of federal student loans, which include public service loan forgiveness and access to income-driven repayment plans. But many private lenders offer forbearance programs.
Check out the rest of the article: What's The Right Repayment Plan For Your Student Loans?