
Thinking of refinancing your student loans? Watch this first.
Interactive Video
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Life Skills, Business
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University
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Practice Problem
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Hard
Wayground Content
FREE Resource
The video discusses the current state of student loans, including President Biden's efforts to cancel them and the upcoming resumption of payments. It explores the pros and cons of refinancing, focusing on interest rates, credit score requirements, and the lack of protections in private loans. The video also highlights the potential impact of refinancing on loan forgiveness eligibility, especially for certain professions. Viewers are encouraged to evaluate their financial situation and consider all options before making a decision.
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2 questions
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1.
OPEN ENDED QUESTION
3 mins • 1 pt
What should borrowers consider regarding their credit score when refinancing?
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2.
OPEN ENDED QUESTION
3 mins • 1 pt
Why is it important for certain types of employment to be considered when refinancing student loans?
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