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Student loan refinancing is an aid needed by students who have some problems paying their Student loan on time. A student may consider refinancing student loans when he/she cannot handles payments with multiple loans. Multiple loans can be described as multiple interest rates. By refinancing student loans, students may be able to consolidate their multiple loan payments into one low interest rate. Students may significantly lower their recurring premiums by refinancing their loans. ==Process== Student loan lenders will buy out your loan from your existing servicer, allowing you to have a new loan at a potentially lower interest rate. This process will also consolidate all of the loans you refinance into one convenient payment. Like any form of debt, your goal with a student loan should be to pay as low an interest rate as possible. Other than a mortgage, you will likely never have a debt as large as your student loan. If you are able to reduce the interest rate by re-financing, then you should consider the transaction. You need to find a lender willing to refinance your student loans and borrowers generally want that offer to result in savings over their existing loans. Then, you submit your personal information to them (which often includes loan balance, income, credit score) to get a personalized refinancing offer. If you get an offer that you like, you then usually need to send them a few documents (e.g. a pay stub) to prove the information you provided is true and then sign on the new loan. There are existing loan comparison tools such as student-lending marketplaces to help borrowers get the transparency of rates they deserve. Loan approval rules vary by lender. However, all of the lenders will want: Show that you can afford your payments. For instance, proof of a job with income that is sufficient to cover your student loan et al. Show that you are a responsible borrower, with a demonstrated record of on-time payments. For some lenders, that means that they use the traditional FICO, requiring a good score. For other lenders, they may just have some basic rules, like no missed payments, or a certain number of on-time payments required to prove that you are responsible. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Student loans refinancing」の詳細全文を読む スポンサード リンク
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