Student loan refinance may be available for all types of student loans, including federal, private, and institutional loans. While refinance often carries many benefits for the borrower, there are a number of things that you need to understand about the impact to your rights and responsibilities before refinancing a federal student loan into a private student loan.
If you have reliable employment, strong credit, high interest rates, and do not anticipate difficulties in continuing payments should your income change unexpectedly, then refinance may be an appealing option. Refinancing at a lower interest rate can be an excellent way to pay down your loans faster and at reduced cost over the life of the loan.
IonTuition is not affiliated with any refinance company. By requesting transfer to a refinance company, or navigating to a refinance company's website from our website, you will be transferred or sent to another company. IonTuition may receive fees for this referral. Should you decide to refinance, please be sure to read the fine print and understand what you are agreeing to. Consult a licensed professional if you have any concerns.
IonTuition is not a lender or a broker. We are not involved in the loan approval process, nor do we make credit related decisions. The information you provide to IonTuition is not an application for credit and the information will not be used to pre-qualify you with any lender. IonTuition will not check your credit history or verify the information you provide.
Your credit history will only be checked if you provide your consent to the lenders you may contact. If you do contact a lender, that lender may provide a rate quote based on various factors. IonTuition does not refer to all lenders or brokers in the marketplace and therefore cannot guarantee the lowest price or best terms available in the market.
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