How to Refinance a Parent PLUS Loan
If you’re one of the approximately 45 million people in the United States who has student loans, you’re well-aware of how much they can be a drag on your finances. Having to pay interest on student loans each month can keep your from realizing important milestones in your life. Fortunately, there are some options for borrowers, such as refinancing. Here’s how to refinance a Parent PLUS loan.
What Does It Mean to Refinance Student Loans?
Refinancing loans is pretty common. Even though there are a few things to note that make refinancing student loans a bit different than other kinds of debt, the general principles stay the same.
So, what is refinancing student loans? At the most basic level, it’s taking out a new loan in order to pay off an old one. If you’ve never refinanced before, t...