You might get a better interest rate, but beware these risks.
Opportunities for student borrowers to get new terms on their debt have surged in the past few years. But there’s still plenty of confusion about who qualifies for refinancing and whether it’s a good idea.
There is no way to refinance your federal student loans within the federal system. So if you refinance, you forever give up access to certain benefits available only to federal loan borrowers—a warning you’ll hear stressed by just about every financial planner and student loan expert.
Kaitlin Mulhere | Time.com