 TITLE: Didn’t Get CARES Act Relief on Your Student Loans? Consider Refinancing CONTENT: The Benefits of Student Loan Refinancing\n----------------------------------------\nThere are several ways that student loan refinancing can help you with your debt. The more student debt you have and the higher your current interest rates, the more you stand to benefit.\n*   **Lower interest rates**: If you qualify, you could score a lower interest rate than what you're currently paying. This will not only reduce how much you pay each month but also lower your total interest charges over the life of your new loan.\n*   **Payment flexibility**: Student loan refinancing lenders offer flexible repayment terms, which can range from five to 20 years. If your budget is tight, you could get an even lower monthly payment by extending your repayment term. With the previous example, for instance, if you were to keep the same interest rate but extend your repayment term to 20 years, your monthly payment would be $140 instead of $220. Just keep in mind that your total interest charges would more than double.\n*   **Choice of lender**: Federal student loan borrowers don't get a choice in who their loan servicer is when they get approved for new loans. And if you have private loans, your options may have been somewhat limited as a college student. But with refinancing, you have the chance to choose your new lender based on their interest rates and other features, such as unemployment protection, forbearance options and more.\nIf you're considering refinancing, think about these potential benefits and how they might help you with your current financial situation. END