How Student Loan Refinancing Works to Save You Money

How Student Loan Refinancing Works to Save You Money https://youtu.be/P2MrvXAogdI Just a 1% difference in your student loan rate can save you over $6,000 on your repayments. That’s the power of student loan refinancing and the reason everyone needs to consider consolidating student loans. Checking your rate on a student loan refinancing doesn’t affect your credit and takes less than a few minutes. Get a rate quote instantly with the link here, http://bit.ly/2W8Yj9v I got lucky when I graduated college. I had almost $70,000 in student loan debt but interest rates were extremely low. Even on that debt, I could afford my monthly payments and the interest rate was below what I was earning on interest. People graduating since then with student loans haven’t been so lucky. Student loan interest rates have jumped and that same amount of debt would break any budget. That’s why I’m teaming up with Splash Financial to show you the different student loan refinancing options and how to get the best rate. In our previous videos, we looked at the different student loan repayment options and how to decide which is right for you. We also looked at Parent Plus Loan refinancing and how to save thousands on interest. If you haven’t seen that first video on how to repay student loans, you can find it here https://youtu.be/znW1wdgxdao This video is all about saving you as much money as possible and lowering your monthly student loan payment through refinancing. I’ll start off by describing the student loan refinance process and reasons you might consider refinancing. I’ll also share some reasons you might not want to refinance your student loans. Then I’ll reveal how easy it is to refinance student loan debt, guiding you through the process. We’ll look at real examples of how much you can save and how much you can lower your monthly payment. I’ll also show you the requirements for student loan consolidation and how to make the process as fast as possible. 2:15 What is Student Loan Refinancing? 3:25 Reasons to Refinance a Student Loan 4:12 Reasons not to Refinance Student Loans 5:10 How to Refinance Student Loans 6:25 Requirements to Qualify for Student Loan Refinancing SUBSCRIBE to create the financial future you deserve with videos on beating debt, making more money and making your money work for you. http://bit.ly/2Lt2cxt Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps. Let's Talk Money! with Joseph Hogue, CFA