Did you know there’s currently $1.44 trillion in student loan debt in America? That’s an astronomical amount of money. So if you have student loan debt, you aren’t alone.
Student loans were meant to help students, and they have, but they’ve also created a huge source of heartache and stress for millions of people.
For most borrowers, student loan debt lingers for years. It starts to affect future plans like buying a home and even starting a family.
What can you do about it?
Of course, you can add them to your debt snowball or debt avalanche.
But one way that borrowers have tackled their student loan debt is through student loan refinancing. We’re going to going into detail on that here.
If you’re up to your elbows in debt and want some relief, refinancing your student loans might save you money. But it’s not for everyone.
Here’s what you should know about student loan refinancing, reasons people choose to do it, and whether it might be right for you.