Student Loans

How Often Can You Refinance Student Loans – Student Loan Debt Refinancing Explained


How Often Can You Refinance Student Loans – Highest Rated?

Student loan refinancing has become really popular. But does it ACTUALLY help you pay off debt? Here’s my simple and EASY explanation of student loan debt refinancing. Comment below if you have done this or are considering refinancing.

Interested in refinancing? I recommend checking out Credible. It’s a free online marketplace where you can compare rates/terms from multiple lenders without affecting your credit score. Check out Credible here:



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DISCLOSURE: This content is not provided by Credible or any of the Providers on the Credible
website. Any opinions, analyses, reviews or recommendations expressed here are those of the
authorโ€™s alone, and have not been reviewed, approved or otherwise endorsed by Credible.

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  1. Daniel Miller
    July 23, 2021 at 8:23 pm

    20 seconds.

  2. Archie Garcia
    July 23, 2021 at 8:23 pm

    Anyone with a 750 credit score have luck refinancing a 100k student loan?

  3. Wallflower Commenter
    July 23, 2021 at 8:23 pm

    I just found you and Iโ€™m working on getting rid of my credit card debt before tackling my 120k student debt. Started with 15k credit card debt and on track to pay it off by Jan 21 ๐Ÿ™‚

  4. Varneega Theva
    July 23, 2021 at 8:23 pm

    In the example you used, if it takes more than year to pay the $100k loan and you choose to refinance to a lower 7% interest rate, but you still continue to make the same amount monthly payment towards your debt then aren't you at least reducing the compounded amount you'd have to pay?

  5. Quiet
    July 23, 2021 at 8:23 pm

    This is a well intentioned video but does a very bad job at explaining annualized interest. The difference between 10% interest on 100k and 7% interest on 100k is not $3000 unless you are able to pay off that debt within a single year. The interest is added annually, so for a 20 year 100k loan, the difference between 10% interest and 7% is over $45000.

  6. Sean Smith
    July 23, 2021 at 8:23 pm

    Do they like log onto your loan account and pay it or do they give you the money to pay it

  7. Andrew Lin
    July 23, 2021 at 8:23 pm

    My current interest rate is 4.3%. Would it be possible to make it even lower with refinancing.

  8. Javier Sanchez
    July 23, 2021 at 8:23 pm

    Isn't the interest tax deductible?

  9. Zion Lewis
    July 23, 2021 at 8:23 pm

    Debt Refinancing is so tricky! Especially now with rates I don't think it would be a good idea to refinance. How about you?

  10. Cameron Krek
    July 23, 2021 at 8:23 pm

    What do you consider a good credit score? Currently paying off credit cards and hoping to have raise my score to almost 700 credit score

  11. Broke and Hopeless?
    July 23, 2021 at 8:23 pm

    Thank you!

  12. Jessica
    July 23, 2021 at 8:23 pm

    I just stumbled across your channel and so glad I did! My only debit is my student loans. Under the PSLF program I have 44 qualifying payments and 77 more to go (2026 is the predicted year). I've been researching the pro's and con's of refinancing and independently paying the consolidated loan off on my own. I have significant student loan debit (2 degrees and 80k later) and 6 years is a long time to wait for POTENTIAL forgiveness while not making a significant impact on the principal and racking up interest. Given the stipulations around qualifying payments 2026 is a long way to wait until I know for certain I'm out from under the weight of my only debit. Thank you for your time and potential insight!

  13. Christine Deng
    July 23, 2021 at 8:23 pm

    This was beautiful and calmed me down so much. Thank you!

  14. K B
    July 23, 2021 at 8:23 pm

    This is what I needed to hear! Thank you! ๐Ÿ˜Š

  15. Rebecca's Quest to FIRE
    July 23, 2021 at 8:23 pm

    Oh my gosh it DEFINITELY helped me out. I used Earnest, and they got my interest rate down from 10.29% to 3.69% currently.

  16. MrArod21
    July 23, 2021 at 8:23 pm

    I like what you say at the end. I think a lot of people thinking about refinancing are getting analysis paralysis… thinking about saving 2 or 3 percent in the long run with refinancing instead of just paying a little extra and putting it in their debt snowball. Great video!

  17. The Budget Bounce
    July 23, 2021 at 8:23 pm

    This was SOOOO helpful Justine. I never had loans for myself, but we have 13 federal loans and a private loan for the hubs. Not sure if we will do either of these options, but now I am armed with info when were ready to tackle them. Thank you!!

  18. Steve Ram
    July 23, 2021 at 8:23 pm

    Great break down. This will be very helpful to those trying to manage and payoff their student debt. Once that debt is paid off, invest in real estate ๐Ÿ˜๐Ÿ‘๐Ÿป