Student Loan Refinancing Calulator
It seems as though everyone—homeowners, corporations, and even state and local governments—is taking advantage of the current historically low interest rates by refinancing their debt.
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!
Posted on 6 June 2014
|Generation Progress is a national organization that works with and for young people to promote progressive solutions to key political and social challenges. Generation Progress engages a diverse group of young people nationwide, inspires them to embrace progressive values, provides them with essential trainings, and helps them to make their voices heard—and to push policy…