Learn how John is saving thousands by refinancing his student loans!

John was trying to find a way to save money while paying off his student loans. He didn't know where to start.

What was John's concern?

John noticed his interest rate on his loans were high, and he wanted to lower his rate. He started by looking at the options he had to refinance his loans.

What is refinancing?

Refinancing means that you are replacing one loan with a brand new loan at a new company.This means you will have a brand new rate and term

How did John refinance his loans?

John began by comparing rates with different lenders. He did his research and looked at rates with a pre-approval application.

John found the best rates, now what?

John then had to decide what type of loan, the rate he decided to pick, and the term he wanted to use.

What does type of loans and term mean?

The type of loan refers to the types of loans refinance companies offer: fixed, variable and specialty. The term means how long you have to repay the loan.

John needed to verify his information

Lenders want you to verify things like your income, graduation, and loan information. John then waited about a month for the refinance to be process.

Time to save!

John will save thousands from refinancing his student loans. His first payment will be due 30-45 days after he signs the contract.

Swipe up to learn more about how you can refinance your student loans and save thousands like John!