Refinance – The Student Loan Sherpa

Who Should Refinance?

Borrowers with federal student loans should only refinance in very limited circumstances. Given the current interest rates offered by lenders, federal refianancing usually doesn't make sense.

Borrowers with private loans should refinance if they can get a lower interest rate or better loan terms.

borrower jumps at low interest rate opportunities in 2024

The Best Student Loan Refinance Rates for July 2024

Inflation is an issue for refinance rates, but borrowers looking for a fixed-rate loan still have plenty of choices.

Splash Student Loan Consolidation Review

Splash Financial Student Loan Refinance Review

Splash Financial is currently the top rated refinance lender on the market, but that doesn’t mean Splash is a good idea for all borrowers.

LendKey Student Loan Refinance Review

By partnering with smaller banks and local credit unions, LendKey creates an easier approval process and offers lower interest rates.

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How Inflation Changes the Student Loan Refinance Math

Oustside of a couple exceptions, most borrowers will want to steer clear of student loan refinancing while interest rates are high.

borrowers choice refinance loan options pick 20-year fixed

The Best Student Loan Refinance Length is a 20-Year Fixed-Rate Loan

When picking a student loan refinance solution, it is essential to think about your other financial goals. Opting for a flexible choice is often the safest bet.