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Need A Lower Student Loan Payment? Refinance With Flexible Terms

Published on November 18, 2020

Are your finances strapped? You may be looking for fast and simple ideas to cut extra expenses. An effective — and often underutilized — solution to free up more room in your monthly budget could be lowering your student loan payment. It's widely known that student loans are a serious problem across the country, burdening hundreds of ...Continue Reading

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Here’s How Parents Are Ditching High-Interest Parent PLUS Loans

Published on November 18, 2020

Parent PLUS Loans are no fun. Paying them off can frustrate your financial plans and the interest they accumulate can be quite nauseating. But there are better and smarter ways to repay Parent PLUS Loans so you can wave goodbye to that annoying debt forever. Here are the top tried-and-tried strategies to get rid of Parent PLUS Loans quickly. ...Continue Reading

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Marrying Someone With Student Loan Debt: Everything You Need to Know

Published on April 17, 2020

If you've tied the knot with a college graduate, there's a good chance they have student loan debt. If this applies to you, it's important to familiarize yourself with how their student loans may affect your financial situation. Typically, you aren't responsible for your spouse's student loans. However, there are some situations where you may be ...Continue Reading

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How to Refinance Student Loans

Published on April 17, 2020

If you have student loans that you'd like to get rid of sooner rather than later, refinancing may be a smart move. By refinancing your student loans, you can: Reduce your rate and save on interest costs. Get a better repayment term for your financial situation. Simplify your monthly payments with one loan and one loan servicer. ...Continue Reading

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Does Refinancing Student Loans Impact Your Credit Score?

Published on April 17, 2020

When you refinance your student loans, a lender will pay off your existing loans and give you a new loan. Ideally, the new loan will come with a lower interest rate that can allow you to save big time on interest. Refinancing your student loans can also give you the opportunity to change your repayment term and consolidate multiple student loans ...Continue Reading

Refinance Parent Plus Loans

Refinancing Parent PLUS Loans

Published on April 23, 2019

Parent PLUS loans have some of the highest rates around with a current rate of 7.6% for parents of undergraduate students in the 2018-2019 academic year. Refinancing these parent loans can save dramatic amounts in interest and help you get out of debt faster, especially when qualified borrowers take advantage of PenFed's low fixed and variable rat...Continue Reading

Couples Refi

Couples that Refinance Together Save Together

Published on March 29, 2019

Student loans don't have to be a "til death do you part" relationship. PenFed has a unique solution for married couples seeking to refinance through our Spouse Loan. With the Spouse Loan, both spouses refinance their student loans together into one monthly payment, one low interest rate, and a term of your choice. Refinance student loans with spo...Continue Reading

Top 12 Student Loan Refinance Questions

Top 12 Student Loan Refinancing Questions

Published on March 22, 2019

Here are the answers to our top 12 questions on student loan refinancing. Have questions not listed here? Check our FAQs or give us a call! 1. How do I know what my interest rate will be? You can check your interest rate with our Find My Rate tool. Use this tool to see rates, your new monthly payment, and lifetime savings ... all before applyin...Continue Reading

Start Refinancing Student Loans

Stop Deliberating and Start Refinancing Student Loans

Published on March 18, 2019

With college and graduate school in the six-figure range, now is the best time to refinance your student loans. It will help you to dedicate yourself to paying the money you know you'll have to, while also allowing you to spend as little as possible. Getting a plan that's more manageable for you will help you build confidence and credit, and get yo...Continue Reading

Consolidating Student Loans With your Spouse

How to Consolidate Student Loans with a Spouse

Published on March 8, 2019

Engagement season is wrapping up, but one thing that doesn't get looped into planning your happily ever after is student loans. PenFed wants to change that conversation. Through the Spouse Loan, married couples can combine and refinance their student loans together ... one application means getting all of your loans on the same rate and term. The a...Continue Reading

Refinancing Parent PLUS Student Loans

What Parent PLUS Loan Borrowers Need to Know About Refinancing

Published on February 8, 2019

Student loan refinancing isn't only for young professionals just as student debt isn't limited to those in their 20s and 30s. Parents of college students take out Parent PLUS loans for their children and are still paying them off. This could be in addition to loans taken out for their own education and responsibilities like a mortgage or other chi...Continue Reading

Facts and Fiction about Student Loan Refinancing

Student Loan Refinancing: Fact vs. Fiction

Published on February 8, 2019

Student loan refinancing is still a fairly new industry and there are many things borrowers are learning about what they can and can't do through refinancing. Read on to learn what is fact vs. fiction when it comes to refinancing your student loans. Common Facts and Fiction about Student Loan Refinancing You can't refinance federal and private...Continue Reading