Should I refinance my loans right now living on hope that my situation will change in a few years and I can throw in more at that time?

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Current refi rates aren’t great, but if they’re better than what you have then why not? Keep in mind the potential benefits of maintaining federal loans as opposed to refinancing.

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Interest rates are more likely to fall over the next year than rise more.

So, I'd hold off if possible

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Second EY1. I looked into this. I’m in the lower six figure range w loans; but interest rates to refi are not looking good rn so holding out for them to drop a bit.

This depends on what you have. Focus on making your minimum payment.

If you look at the FAIR plans make sure they at least pay the monthly interest. So you loan doesn’t grow.

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I don't thing interest rates are that great right now but it all depends on when you got you loan. If you are getting something significantly better then you have, then it might be worth refinancing.

What are your plans to reinvest the money from refinancing your loans? If you actually have a plan to make some money and put yourself in a better situation in the future the I say go for it

These past few years have been hard for many of us. If you need some money to make ends meet then I say go for it. I hope things turn out well for you

Depends on refi. A buddy of mine refinanced his and his wife’s med school loans because under the then current rules they wouldn’t be forgivable anyway.

Then the rules changed. His wife would have been eligible for forgiveness immediately and he would have been eligible in a couple years. Instead they’re looking at $350k in loans. With a HHI on the order of $1M now they’ll have no problem making the payments but it was a gut check.

Concur with 'It depends'. Rates aren't great but if there's any way you can consolidate into a federal (ie forgivable) program before the April deadline, I think there are definite benefits.

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