If you’re feeling crushed by your student loan debt right now, you’re not alone. I’ve been there. I get that it can feel like a huge burden you’ll never get off your shoulders. But listen: There’s light at the end of the tunnel! There are plenty of ways to get intense about paying off debt. In addition to getting on a budget, making some extra income with another job or side hustle, selling stuff, cutting back expenses, and working the debt snowball, one option a lot of people use is refinancing. Let’s talk about what refinancing is, and if it’s a good choice for you. What is student loan refinancing? Student loan refinancing is the process of switching to a different lender to get a better interest rate or faster payoff—or both. If you qualify, the new lender basically pays off your current loans and gives you a better deal …
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