Are there advantages to refinancing student loans?

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Are there advantages to refinancing student loans, I need to know the truth about whether it is worth it to refinance my current student loans?

Gold Asked on September 2, 2018 in Business & Finance.
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    Yes, there are advantages to consolidating your student loans. Instead of making several payments a month, you will be making a single payment, and it could mean more money in your budget for other things. Also, you could extend out your payments in order to make it fit your budget. However, I do not recommend consolidating your student loans until the 6 month grace period is almost over because in some cases, it will end your grace period. The only bad reason not to consolidate your student loans is if you qualify for a loan forgiveness program in either the teaching or medical professions because some loan forgiveness programs will not handle consolidated loans.

    Star Answered on September 2, 2018.
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