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In general, you’ll need to have a credit score in the mid- to high 600s, a debt-to-income ratio of less than 43 percent and a source of steady income to refinance a student loan, but the ...
Several lenders refinance student loans for low-income borrowers. Here are our top picks: Education Loan Finance : Requires a minimum annual income of $35,000 and a credit score of at least 680.
Private student loan refinancing. Requirements vary by lender. However, most will take a look at the following factors to determine your eligibility to refinance your private student loans:
Student loan refinancing can help some borrowers save money by allowing them to swap out their existing loans with a new private loan with a lower rate. That said, it’s not the right choice for ...
Extending your repayment terms can lower your monthly required payment, though you could pay more out of pocket in the long run.
A poor credit score could make refinancing your student loans difficult, or you may only qualify for a new loan with subpar terms. A credit score of 650 or higher is optimal for most lenders who ...
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