 TITLE: Is Now a Good Time to Refinance Your Student Loans? CONTENT: When Should You Consider Refinancing Your Loans?\n------------------------------------------------\nIf you're thinking about refinancing your student loans, here are some instances where student loan refinancing could make sense:\n*   You have a stable job and income.\n*   You want a shorter loan term and can afford to pay off your loans early.\n*   You have a high credit score (or you have access to a willing cosigner with a high score).\n*   You are not considering working as a teacher or in a public service profession that might qualify for Public Service Loan Forgiveness.\nIf the scenarios above apply to you, refinancing could help you pocket savings. Say you have a student loan balance of $20,000, you have four years remaining on the term, the average interest rate is 8.5% and you make payments of $500. Refinancing to an interest rate of 4% could potentially save you $2,324.11 in total interest.\nHow much you'll save from refinancing depends on the interest rate and loan term you choose. If you can't qualify for a better rate, refinancing probably won't make sense, and it can be risky if your income isn't stable since you will no longer have government perks to fall back on. END