Topic: Refinancing

3 Reasons to Consider Refinancing Student Loans

August 2, 2016 | College Ave Student Loans
Infographic of amount borrowed interest and monthly payment. First column - Twenty-five thousand dollars eight years shows monthly payment of one hundred seventy-three point zero two dollars, interest six thousand six hundred nine point sixty-four dollars. Amount Borrowed ten thousand dollars. Ten years monthly payment between twenty-five and twenty thousand it lists one hundred forty-six point seven six dollars. Interest it lists seven thousand six hundred eleven point two nine dollars. For Amount Borrowed it lists ten thousand dollars. For twelve years monthly payment is one hundred and twenty-nine dollars and fifty cents. Interest eight thousand six hundred forty-seven dollars and seventy-six cents. Amount Borrowed ten thousand dollars. For fifteen years monthly payment of one hundred and twelve dollars and fifty-nine cents. Interest ten thousand two hundred sixty-six dollars and thirty-one cents. Amount Borrowed ten thousand dollars.

Refinancing student loans is an option worth considering for many college graduates. Here are three reasons why it might be the right decision for you.

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Infographic of amount borrowed interest and monthly payment. First column - Twenty-five thousand dollars eight years shows monthly payment of one hundred seventy-three point zero two dollars, interest six thousand six hundred nine point sixty-four dollars. Amount Borrowed ten thousand dollars. Ten years monthly payment between twenty-five and twenty thousand it lists one hundred forty-six point seven six dollars. Interest it lists seven thousand six hundred eleven point two nine dollars. For Amount Borrowed it lists ten thousand dollars. For twelve years monthly payment is one hundred and twenty-nine dollars and fifty cents. Interest eight thousand six hundred forty-seven dollars and seventy-six cents. Amount Borrowed ten thousand dollars. For fifteen years monthly payment of one hundred and twelve dollars and fifty-nine cents. Interest ten thousand two hundred sixty-six dollars and thirty-one cents. Amount Borrowed ten thousand dollars.