Reported 1 day ago
Refinancing Sallie Mae student loans with another lender can potentially lower your interest rates and monthly payments, but it’s essential to consider your financial situation. Benefits of refinancing include lower overall borrowing costs and payment flexibility, while drawbacks may arise if you have a poor credit score or interest rates are unfavorable. Carefully evaluate your circumstances before proceeding, as refinancing is not advisable for federal loans due to the loss of protections.
Source: YAHOO