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I refinanced because I make enough that any forgiveness will never benefit me (my loans are also grad school). My interest went from 1300 a month to roughly 400. But yes it’s a risk
Basically, you're trying to figure out if the potential savings are worth giving up some safety nets. Refinancing, especially from a federal loan to a private one, could get you a lower interest rate, which is awesome, or let you combine all your loans into one easy payment. But here's the catch: you'd be giving up federal loan perks like income-based repayment (where your payments adjust based on your salary) and options to pause payments if you're in a tough spot. If you've got a steady job, a good credit score, and don't think you'll need those safety nets, refinancing might be a smart move. But if your income is unpredictable or you're counting on loan forgiveness down the road, it might be better to stick with what you've got.