Broadcasts.com - "YFP 234: Your Student Loan Refinancing Questions Answered" (Your Financial Pharmacist)

Published: Dec. 16, 2021, 10 a.m.

YFP Planning Lead Planner, Kelly Reddy-Heffner, discusses commonly asked questions regarding refinancing student loans.

Key Points from this Episode

An introduction to Kelly Reddy-Heffner, and recapping her previous YFP episode.\\xa0
How it\'s a complicated decision to choose the right repayment plan for you.\\xa0
The two distinct categories of who refinancing is not a good fit for.
A reminder that refinancing is a one-way street from federal to private.\\xa0
Do checking rates impact my credit score? Be aware of the language used!
Unpacking the option of refinancing more than once.
Reading the fine print on what happens to the loan in the event of death or disability.
Picking a time horizon and monthly payment amount that\'s doable.
Fixed-rate or variable? Kelly recommends what to do in the current climate.
We break down the difference between consolidation and refinancing.\\xa0
Pursuing income-based repayment options, and some challenges with private loans.
Hear about a partial refi of a federal loan.
We reflect on some of the past rates etched in Tim\'s mind from his repayment journey.
Thoughts on the upcoming end of administrative forbearance and unlikely extensions.
Kelly shares some parting advice for December that we all need to hear!

Links Mentioned in Today\\u2019s Episode