Refinancing your student loans could help you significantly reduce the amount of interest you pay over the life of your loan, potentially saving you thousands of dollars.

Here’s an example:

• Current Loan Balance: $50,000

• Interest Rate: 7%

• New Rate After Refinancing: 4%

• Total Savings: $9,000 over 10 years

By lowering your interest rate, you can reduce the total cost of your loan and put that money toward your other financial goals.

Follow these easy steps to see if you can get a lower student loan interest rate:

1. Apply to multiple lenders within a 30 day period. You can apply with multiple lenders during this period while only having 1 hard credit check.

Our Recommended Refinance Lenders:

SoFi

Student Choice