As the title says should I refinance with SoFi at a rate of 4.34% for 7 years or keep them on Nelnet with varying rates between 4%-9%?
I'm in a medical profession so I have relatively stable income and am not concerned with job security.
I don't really understand the whole IDR plans and with all the changes it's even more confusing. I don't plan on doing a forgiveness plan just want them gone…
173k in student loans; Refinance or IDR?
byu/Brilliant_Boot_1080 inStudentLoans
Posted by Brilliant_Boot_1080
1 Comment
You’ll need an IDR plan during residency – assuming you mean you are DO or MD, so time to learn. Your options are going to be limited to RAP after July 1.
Also, are you at a nonprofit hospital/institution? Why screw yourself out of the *option* to pursue PSLF if you don’t have to? It’s as simple as filling out a form once in a while.
Private loans are a bad idea. Don’t fall for the marketing.