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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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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

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

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

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

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

Refinance Graduate Student Loans

What New Graduates Need to Know About Student Loan Refinancing

Published on January 18, 2019

After a flurry of parties, job applications, and saying goodbye to the college life, the road ahead for many graduates is unknown. Your first job out of college may not be the dream job you have been hoping for ... in fact, it can be the opposite. Many recent graduates will take a position they may not really want for one reason ... student loans. ...Continue Reading