Refinance Student Loans at New Rate? Forum

[Anonymous User]

Curious if anyone has tried to refinance their student loans now that rates our slashed (or is planning to do so)

[Elston Gunn]

If you’ve previously refinanced, it’s a no-brainer if you can get a significantly better rate. If not, it’s a little trickier because the reason rates are getting slashed—and probably will be again at the next FOMC meeting—is obviously that a recession is looming. A recession is obviously the time when the protections provided by federal loans, especially income based repayment, are most valuable.

[Anonymous User]

Where are you all finding the best rates (other than FRB)? Have rates started dropping significantly because of Corona?

[Elston Gunn]

Where are you all finding the best rates (other than FRB)? Have rates started dropping significantly because of Corona?

Earnest has offered the best to me other than FRB. I saw it drop like .06% since the Fed rate cut.

[tlsadmin3]

Where are you all finding the best rates (other than FRB)? Have rates started dropping significantly because of Corona?

When I was looking in to refinancing mine Splash Financial had pretty good rates (3.19% fixed or 1.99% variable)

[Whatislaw]

First Republic purportedly has good rates too. Like an earlier poster mentioned, I value that IBR component more and more given our industry's trends and reactions to recessions.