How to know if or when you should ReFi your Federal Student Loans
Managing your veterinary student debt can be as emotionally charged as managing patients. But, in finances as in medicine, the best decisions are evidence-based.
The bombardment of marketing campaigns encouraging you to refinance your federal student loans into a private loan(s) can be overwhelming. Claims of lower interest rates and faster, less expensive payoff are attractive and tempting. Entertaining these offers is a risky venture for most recent graduate veterinarians.
If you remember one thing from reading this: A LOWER STUDENT LOAN INTEREST RATE DOES NOT EQUAL LOWER PAYMENT; nor does it always equal lower repayment costs. If you’d like to know why, read on!