Student Loan Refinance Forum
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Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.
Failure to follow these rules will get you outed, warned, or banned.
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BasilHallward
- Posts: 613
- Joined: Fri Jan 23, 2015 1:19 pm
Student Loan Refinance
Given the Fed's recent suggestions that the foot will be taken off the gas pedal, are there any rates currently out there that make refinancing worthwhile? I'm currently at about 6% for my federal and state loans? Anyone locking in around 3.5 or 4%?
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LaLiLuLeLo
- Posts: 949
- Joined: Wed Jun 08, 2016 11:54 am
Re: Student Loan Refinance
First Republic if you qualify. 5-year at 1.95%. But not sure what they’re now.
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BasilHallward
- Posts: 613
- Joined: Fri Jan 23, 2015 1:19 pm
Re: Student Loan Refinance
Unfortunately, I'm not located within First Republic's service area.LaLiLuLeLo wrote:First Republic if you qualify. 5-year at 1.95%. But not sure what they’re now.
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boredtodeath
- Posts: 697
- Joined: Tue May 08, 2012 3:37 pm
Re: Student Loan Refinance
I got the FRB 15-year at 2.75%. I don't think you can get anywhere close to that now. Best I've seen is in the 4-5% range which gets into "not worth it" territory imo.
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whattayasay
- Posts: 10
- Joined: Mon Jul 09, 2018 9:30 am
Re: Student Loan Refinance
On a related note, shouldn't ya'll be waiting till the next presidential election (or at least the primaries) for the slim possibility that the president magically makes all our loans disappear?
Edit: accidental anon.
Edit: accidental anon.
Last edited by QContinuum on Tue Jun 25, 2019 6:51 pm, edited 1 time in total.
Reason: De-anoned at poster's request.
Reason: De-anoned at poster's request.
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bob311
- Posts: 237
- Joined: Tue Jul 22, 2014 11:51 pm
Re: Student Loan Refinance
That would be amazing, but I am outside of FRBs allocations. They would not help me at all. Any one able to convince them otherwise?boredtodeath wrote:I got the FRB 15-year at 2.75%. I don't think you can get anywhere close to that now. Best I've seen is in the 4-5% range which gets into "not worth it" territory imo.
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wishywashy
- Posts: 77
- Joined: Wed Sep 21, 2016 8:45 pm
Re: Student Loan Refinance
I have heard good things about SoFi.
Keep in mind that doing a refi may strip you of all the deferral options you get with federal loans. You might run the numbers and see how much you save and what the options are if you end up jobless or unable to work due to some random injury or illness.
Straight out of law school might be another reason to wait a bit before you refi just to make sure the job you took will work out for basically the same reason as above.
Keep in mind that doing a refi may strip you of all the deferral options you get with federal loans. You might run the numbers and see how much you save and what the options are if you end up jobless or unable to work due to some random injury or illness.
Straight out of law school might be another reason to wait a bit before you refi just to make sure the job you took will work out for basically the same reason as above.
