Refinancing your student loans is a smart way to reduce your monthly payment, lower your loan interest rate, or — in many cases — both. That’s especially true in today’s low-rate environment, where private student loan rates dropped as much as 37% in the last two years.
As Craig Borkovec, a financial advisor with Miracle Mile Advisor, put it, “A borrower’s financial situation is extremely important. At the end of the day, a lender needs assurance that the loan they are offering will be paid back — plus interest.”
Read the full article: Refinance your student loans now to save thousands of dollars in interest (Fox Business)
