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Why you should consider refinancing private student loans
By Rebecca Lake
Refinancing private student loans now could help lower monthly payments and save money on interest. (iStock)
Federal student loans offer some key benefits you don t always get with private student loans. For example, you may be one of the millions of federal student loan borrowers enjoying a temporary break from payments under the CARES Act.
Whether you have a college loan, graduate student loan, medical school loan or Sallie Mae MBA loan, they will not accrue interest during this forbearance period. However, it s important to note that private student loans do not fall under the legislation s umbrella.
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