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Thinking of refinancing your student loans? Watch this first.

Thinking of refinancing your student loans? Watch this first.

Assessment

Interactive Video

Life Skills, Business

University

Practice Problem

Hard

Created by

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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