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Student Loan Refinancing

Student loan refinancing is the process of replacing one or more existing student loans with a new loan that has better terms or a lower interest rate. This can be a useful strategy for borrowers who have improved their credit score, have a strong income and employment history, or are looking for a way to lower their monthly loan payments. Continue Reading Below

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Industry Studies

2026 Student Loan Industry Study Thumbnail

2026 Student Loan Industry Study

Andrew Latham

Encyclopedia Articles

Discover the definition of financial terms related to student loan refinancing.

Learn About Student Loan Refinancing

Thumbnail for Blog Article: The SAVE Plan Is Gone: How to Pick Your New Student Loan Repayment Plan Before the 90-Day Clock Runs Out

The SAVE Plan Is Gone: How to Pick Your New Student Loan Repayment Plan Before the 90-Day Clock Runs Out

SuperMoney Team

Thumbnail for Blog Article: What Happens If You Don't Pay Student Loans?

What Happens If You Don't Pay Student Loans?

Andrew Latham

Thumbnail for Blog Article: How to Check FAFSA Status

How to Check FAFSA Status

Lacey Stark

Thumbnail for Blog Article: Student Loans for Trade Schools: Beginners Guide

Student Loans for Trade Schools: Beginners Guide

Andrew Latham

Thumbnail for Blog Article: Financial Aid: Ultimate Guide on Getting Money for College

Financial Aid: Ultimate Guide on Getting Money for College

Andrew Latham

Thumbnail for Blog Article: Do You Have to Pay Back Grants?

Do You Have to Pay Back Grants?

Camilla Smoot

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About Student Loan Refinancing

Student loan refinancing is the process of replacing one or more existing student loans with a new loan that has better terms or a lower interest rate. This can be a useful strategy for borrowers who have improved their credit score, have a strong income and employment history, or are looking for a way to lower their monthly loan payments. When refinancing student loans, the borrower will apply for a new loan and use the proceeds to pay off their existing loans. The new loan will have its own terms and interest rate, and the borrower will be required to make regular payments of principal and interest. It is important to carefully consider the costs and potential benefits of student loan refinancing before deciding if it is right for you.