Recently i’ve been reading up on Student Loan Debt and how to “manage it” so to say. The latest article I read goes into more depth on different ways to refinance your loan successfully. In this particular article, the author states that “refinancing your student loans has advantages, but it also poses risks.” Here I learned that while you do have the ability to combine all your loans into one large loan to extend the repayment period, it may increase the interest because now the interest is based off the weighted average of all the interest rates on the loans you just combined into one. In addition, a key take away from this article was “Don’t Count on Loan Forgiveness.”. In order to qualify for a public service loan forgiveness program you have to meet certain requirements such as your play of employment. This is part of the “fine print” of student loans. One last key point to take away from this article is the useful tool of a student loan refinancing calculator on This tool will help you see how much you may save by refinancing your loan at a lower rate or by shortening your repayment period.

Image: Student loans by cafecredit on 2016-07-14 02:19:22

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