Why Refinance Student Loans in the US?
Refinancing involves taking out a new loan with a private lender to pay off your existing federal or private student loans. In the USA, this is a popular way to secure a lower interest rate, especially if your credit score has improved since graduation.
| Lender Type | Typical Rates | Best For |
|---|---|---|
| Federal Loans | 4% - 8% | Income-driven repayment |
| Private Refi | 3% - 10% | High earners / Good credit |