What's at risk when refinancing or consolidating student loans?


Last Updated: 4/30/2022

When you refinance your loan(s), either federal or private, you forfeit the benefits of those loan(s). In turn, you receive the benefits of your new loan.

Federal loans offer unique benefits such as income-based repayment (IBR) and loan forgiveness programs.

You should carefully consider if and how these benefits impact your personal situation.

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