Combining and consolidating financial statements
And if you do qualify, but you’re at the high end of the spectrum, your slightly lowered payments may come at a through the refinancing process won’t make sense for every borrower, but it provides great benefits for some.
Now that you know it’s an option and you understand how it works, you can better assess whether it’s right for you.
Read the other posts in the series here—and get all the info you need to make intelligent decisions about your student loans.
And while you’re at it, check out So Fi’s new Student Loan Debt Navigator tool to assess your student loan repayment options. With prevailing interest rates at historic lows, some private lenders offer rates that are significantly better than a high-rate federal loan.
For example, the government’s Pay As You Earn (PAYE) and Income-Based Repayment (IBR) programs allow borrowers to make reduced monthly payments based on financial hardship.
But if your income is over a certain threshold, you won’t benefit from these programs.
We’ve got you covered with our Student Loan Smarts blog series.
Our expert tips and hacks will help you save money, pay off loans sooner and stress less about student loan debt.
Over and above all of this, what technology is doing for financial planners, is allowing them to implement planning models that showcase the benefits of financial planning, and deliver it to clients in an efficient and highly engaging manner and where compliance / regulatory requirements are in built into the process.This is often the reason that people cite when they say you shouldn’t combine federal and private loans.But before you dismiss the idea of refinancing, you should first take a look to see if any of these benefits apply to you.However, in Australia the question that remains is: have financial planners left themselves open to disruption (read: the loss of customers) by: Most importantly they are fintech disruption proof which allows them to thrive in the face of change and changing client engagement protocols. https://  https://com/wendy-lea/ Cisco recently, the new breed of simple, accessible, high-definition video conferencing has ushered in a new era of face-to-face collaboration over distance  An often quoted statistic when it comes to Australians and their engagement with financial planning and financial planners is one in five, and sometimes the figure that is quoted is a lot less.