The Truth About Student Loan Refinancing

Daniel Macklin of SoFi recently published an insightful article on LinkedIn that is essential reading for anyone using or considering student loans for their education.

What he finds is that students may want to lose some of the protections (such as the option to defer loan payments) in favor of saving several thousand dollars on a more consistent payback plan through a private lender. There’s much more to it and he does acknowledge that some borrowers will be better off keeping the protections associated with federal-backed loans.

Learn more about how refinancing works here.