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6 Strategies for Paying Back Private and Federal Student Loans - PenFed Student Loan Refinancing

Published on October 19, 2018

Student loan debt can be a real drag on your finances. In a recent study, 47% of those surveyed reported that they'd put off starting their own business because of their student loan debt. Predictably, 62% of respondents said student debt imposed on their personal budget. With the national student loan debt reaching $1.4 trillion, it's safe to say ...Continue Reading

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Variable Rate Compared to a Fixed Rate Loan - PenFed Student Loan Refinancing

Published on October 12, 2018

When preparing to refinance student loans, a borrower may find themselves wondering what interest rate option is the best fit ... fixed or variable? What are the differences between the two and what benefits are available? Refinancing student loans gives borrowers the freedom, as well as the flexibility, to better plan for the future and having the...Continue Reading

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Why Should I Refinance Student Loans? - PenFed Student Loan Refinancing

Published on October 12, 2018

Student debt has surpassed credit card and auto debt combined so it's no great mystery as to why borrowers seek relief in a variety of ways. One of the most popular options for borrowers to lower the cost of their student loans is through refinancing. There are many factors to consider when thinking about refinancing your student loans. If you are...Continue Reading

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How to Get a Lower Interest Rate on Your Student Loans - PenFed Student Loan Refinancing

Published on October 5, 2018

Most student loan borrowers can benefit from refinancing their student loans. Since refinancing is a fairly new offering, many people are not aware that with very little effort, you can lower your interest rate and get out of debt faster. Here are some tips to get your interest rate as low as possible. WHAT'S IN A RATE? Credit Score Having excellen...Continue Reading

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5 Strategies for Paying Off Your Student Loans Faster - PenFed Student Loan Refinancing

Published on September 27, 2018

Everyone will have a different approach to pay off student debt based on their goals and personal situation. To give you a starting point, here are 5 strategies most borrowers use when refinancing their student loans. Each focuses on a different benefit of refinancing and some unique options. Remember, when you refinance multiple loans we automatic...Continue Reading

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Cosigning and Refinancing - PenFed Student Loan Refinancing

Published on September 27, 2018

Cosigning should be approached as a way to save money on interest costs with someone who understands the responsibilities of cosigning a loan. The purpose of having a cosigner should be to maximize your savings and lower your interest rate ... not to get something you don't need or can't afford. Read on to learn more about the different options for...Continue Reading