With Private Loan Interest Rates So Low, Should You Refinance a Federal Student Loan?
Nov 14, 2020
2 minutes
As college costs continue to rise, the need for students and their parents to borrow money to get a college education has also increased. Americans now owe about $1.6 trillion in student debt, according to the Federal Reserve.
In general, there are two types of student loans: federal and private. Federal student loans are issued by the government, whereas private student loans may come from different
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