It’s a win for individuals and for the nation as a whole, easing the burden of loan repayment and freeing up income for purchases that stimulate the economy. But one group is getting left behind in the refinancing trend: students who take out loans to pay for their higher education. And with over $1.2 trillion dollars in current student debt, something needs to change.
What is Refinancing?
Refinancing allows a borrower to replace their existing debt with a new loan that has better terms. Use our calculator below to see how much money you could save by refinancing your student loans!
- FACTSHEET: Refinancing Student Loans State-By-State
- Senator Elizabeth Warren (D-MA) Introduces Student Loan Refinancing Bill On Senate Floor
- Refinancing Student Loans 101
- It’s Our Interest: The Need to Reduce Student Loan Interest Rates
- Congress Should Allow Students to Refinance Their Loans
- The Student Debt Crisis
- FACTSHEET: The Impact of Student Loan Refinancing on Borrowers of Color
- FACTSHEET: The Impact of Student Loan Refinancing on Senior Borrowers
- FACTSHEET: The Impact of Student Loan Refinancing on Low-Income Borrowers
- FACTSHEET: The Impact of Student Loan Refinancing on Middle Class Borrowers
Use the tools below to learn more about how refinancing existing student loans would help the economy, share facts with your friends on social media, or tell us why student debt is an important issue for you!