Sulaiman Abdur-RahmanUpdated September 6, 2023
Is It a Good Idea to Refinance Your Student Loans?
What’s the SAVE Plan?
Step 1: Determine if You’re Eligible
Step 2: Shop Around for Different Lenders
Step 3: Get Prequalified
Step 4: Apply
Step 5: Start Making Payments on Your Refinanced Student Loan
Alternatives to Student Loan Refinancing
The Takeaway
Frequently Asked Questions
Who is eligible for student loan refinancing?
What is a con of refinancing your student loans?
Does refinancing hurt your credit?
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About the Author
Sulaiman Abdur-Rahman
Sulaiman Abdur-Rahman writes about personal loans, auto loans, student loans, and other personal finance topics for Lantern. He’s the recipient of more than 10 journalism awards and served as a New Jersey Society of Professional Journalists board member. An alumnus of the Philadelphia-based Temple University, Abdur-Rahman is a strong advocate of the First Amendment and freedom of speech.