Will refinancing federal student loans into a private loan ruin eligibility for the new SAVE plan, and what alternatives keep payments low?
Understanding the SAVE Plan vs. Private Refinancing Trade-Off Refinancing federal student loans into private loans permanently eliminates your eligibility for the SAVE (Saving on a Valuable Education) plan and all other federal income-driven repayment programs. Once you refinance with a private lender, your loans are no longer held by the federal government, making you ineligible … 더 읽기