Wow, Student Loans Take 18.5 Years To Pay Off

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When you refinance student loans, you can refinance your existing federal student loans, private student loans or both into a new student loan with a lower interest rate.

You can choose a fixed or variable interest rate, and can select a loan repayment term ranging from 5 to 20 years. The federal government does not refinance student loans, so if you want a lower interest rate, a private lender is your best option.

You can check your new interest rate online for free within two minutes with no impact to your credit score. You can also apply online in about 10-15 minutes. To get approved for student loan refinancing, you need to be employed , have a strong credit score and income, and a history of financial responsibility. When you refinance federal student loans, you will no longer have access to income-driven repayment, forbearance or deferral.

Under Trump's proposed budget, the Public Service Loan Forgiveness program would be eliminated. Trump's proposal would impact borrowers who borrow a new student loan starting July 1, 2020, excluding borrowers who are completing their current course study.

 

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Pretty much...

RPatrizzi Ah bueeeeno

And? They chose to study

nothing personal tho we promise its only business lol

Many in public service professions have no incentive to hurry. Loans will eventually be forgiven. Others may be hoping for a bailout from dem candidates. Makes more sense to pay down credit cards or mortgage.

I am 62 plus and I still owe $103,000 no degree only Tech Certificates so these may not get paid in full before I die?

HRC right again it’s not the principal but the interest that’s killing everyone. Not just student loans but a majority of loans in US are predatory and no one addresses the loan shark fees and ridiculous interest rates.

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