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How to Refinance your Student Loans
In this episode, Dan & Ian analyze the student loan epidemic. They explain the process of refinancing your private and public loans with practical advice. Also, they detail the process to make it simpler to understand. All resources mentioned in the video are linked down below. Please feel free to research and use the links to better understand your educational obligations.
Disclaimer: This video/podcast should be used for educational purposes only. Please do not use the content as recommendations or advice. Please enjoy & happy savings!
Student Loan refinance calculator:
https://www.nerdwallet.com/article/loans/student-loans/student-loan-refinance-calculator
Resource to find lenders for student loan refinance:
https://www.bestmoney.com/student-loans/compare-student-loans-refinance?utm_source=google&kw=refinancing%20student%20loans%20rates&c=445466484628&t=search&p=&m=e&adpos=&dev=m&devmod=&mobval=1&network=g&campaignid=1555774927&adgroupid=66748321870&targetid=kwd-314628809666&interest=&physical=9007382&feedid=&a=M968&ts=rates&gclid=CjwKCAiA_9r_BRBZEiwAHZ_v15nM02fKKyizCdz3iDI5RekBwjXOw-n0eSuPZHY9WOybaK9xppzGiBoCMu0QAvD_BwE
What you need to refinance:
1. Proof of graduation
2. Credit score in the 700s
3. Two consecutive pay stubs from employer (to confirm your salary)
4. Payoff Letter from your current loan holder
Example: $100,000 student loan balance (over 10 year loan)
Original: 100k @ 9% monthly payments of $1,266.76
Refinance: 100k @4% monthly payments of $1,012.45
You will save $254 per monthly payments & $30,517 in interest over the life of the loan
By simply taking advantage of interest rates being low
Follow & Subscribe to The Small Business Experience:
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By With Dan & IanIn this episode, Dan & Ian analyze the student loan epidemic. They explain the process of refinancing your private and public loans with practical advice. Also, they detail the process to make it simpler to understand. All resources mentioned in the video are linked down below. Please feel free to research and use the links to better understand your educational obligations.
Disclaimer: This video/podcast should be used for educational purposes only. Please do not use the content as recommendations or advice. Please enjoy & happy savings!
Student Loan refinance calculator:
https://www.nerdwallet.com/article/loans/student-loans/student-loan-refinance-calculator
Resource to find lenders for student loan refinance:
https://www.bestmoney.com/student-loans/compare-student-loans-refinance?utm_source=google&kw=refinancing%20student%20loans%20rates&c=445466484628&t=search&p=&m=e&adpos=&dev=m&devmod=&mobval=1&network=g&campaignid=1555774927&adgroupid=66748321870&targetid=kwd-314628809666&interest=&physical=9007382&feedid=&a=M968&ts=rates&gclid=CjwKCAiA_9r_BRBZEiwAHZ_v15nM02fKKyizCdz3iDI5RekBwjXOw-n0eSuPZHY9WOybaK9xppzGiBoCMu0QAvD_BwE
What you need to refinance:
1. Proof of graduation
2. Credit score in the 700s
3. Two consecutive pay stubs from employer (to confirm your salary)
4. Payoff Letter from your current loan holder
Example: $100,000 student loan balance (over 10 year loan)
Original: 100k @ 9% monthly payments of $1,266.76
Refinance: 100k @4% monthly payments of $1,012.45
You will save $254 per monthly payments & $30,517 in interest over the life of the loan
By simply taking advantage of interest rates being low
Follow & Subscribe to The Small Business Experience:
Youtube: https://www.youtube.com/channel/UCgCgrWab2pDhnQ3pZvbI0Zw
Instagram: https://www.instagram.com/smallbusinessexperience
Facebook: https://www.facebook.com/The-Small-Business-Experience-101691538462054
Twitter: https://twitter.com/TheSmallBizExp
LinkedIn: https://www.linkedin.com/company/70527961/admin/
Buzzsprout: https://thesmallbusinessexperience.buzzsprout.com