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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. At PenFed , our fixed rates start at 5.10% and our variable rates start at 3.11%. We're he...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 chil...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

Difference Between Secured and Unsecured Loans

The Difference Between Secured vs. Unsecured Loans

Published on February 8, 2019

Knowing the difference between secured and unsecured loans is necessary to understanding how to manage your debt and prioritize your investments. No one likes the idea of dipping into their savings account, and quite frankly, sometimes the money just isn't there for things like a new car, house, furthering your education, or paying off credit card ...Continue Reading

Benefits of Student Loan Refinancing

Refinancing vs Consolidating Student Loans: What You Need to Know to Save

Published on February 1, 2019

Refinancing vs consolidating student loans is a decision that many college graduates are making, and only one of these options can reduce your interest rates. The words consolidation and refinancing are often used interchangeably in reference to student loans. But there are key differences you need to be aware of to decide which option is best for ...Continue Reading

Refinance Grad School Loans

How College Grads Can Save Money by Refinancing their Student Loans

Published on February 1, 2019

The burden of college debt is something that most graduates have to deal with. Other than a mortgage, you will likely never have a debt as large as your student loan. This causes many young adults to move back in with their parents after graduation, simply because they cannot afford to live on their own yet. Some companies are even helping ease thi...Continue Reading

How to Lower Student Loan Interest Rate

Why Are Your Student Loan Interest Rates So High?

Published on January 25, 2019

You know your student loan interest rate is too high ... but do you know why? Our partners at NerdWallet break down the most common reasons borrowers have high interest rates on their student loans. If you have student loans, you're on the hook for more than just what you borrow; you're also responsible for the interest. Student loan interest rat...Continue Reading

Lowering Monthly Payments on Student Loans

What to Expect When You Refinance Your Student Loans?

Published on January 25, 2019

So, you've made the decision to simplify your life, lower your interest rate , and refinance your student loans through PenFed . Congratulations, you've taken the first step! But what's the process like once you submit your application ? Let's dig in. Approval ... Student Loan Refinancing: If you meet our eligibility criteria and your applicati...Continue Reading