Can’t Refinance Student Loans? Try These Tactics
Student loan refinancing can save money and simplify payments. But because of tough eligibility requirements, many borrowers don’t qualify. When you refinance, a private lender pays off your existing loans and replaces them with a new one. The goal is to save money by qualifying for a lower interest rate, but lenders generally won’t work with applicants who are between jobs or have a low credit score. If you don’t meet the qualifications for student loan refinancing, use these strategies…