{"id":11202,"date":"2021-08-12T20:43:59","date_gmt":"2021-08-12T15:13:59","guid":{"rendered":"https:\/\/test-blog.unicreds.com\/blog\/?p=11202"},"modified":"2023-11-24T12:05:46","modified_gmt":"2023-11-24T06:35:46","slug":"pros-and-cons-of-refinancing-student-loans","status":"publish","type":"post","link":"https:\/\/unicreds.com\/blog\/pros-and-cons-of-refinancing-student-loans\/","title":{"rendered":"Pros And Cons Of Refinancing Student Loans"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_75 counter-flat ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/unicreds.com\/blog\/pros-and-cons-of-refinancing-student-loans\/#What_Is_Student_Loan_Refinancing\" >What Is Student Loan Refinancing?<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/unicreds.com\/blog\/pros-and-cons-of-refinancing-student-loans\/#Major_Pros_And_Cons_Of_Refinancing_Student_Loans\" >Major Pros And Cons Of Refinancing Student Loans<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/unicreds.com\/blog\/pros-and-cons-of-refinancing-student-loans\/#Weigh_The_Pros_And_Cons_Of_Refinancing_Student_Loans_Before_Applying\" >Weigh The Pros And Cons Of Refinancing Student Loans &nbsp;Before Applying<\/a><\/li><li class='ez-toc-page-1'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/unicreds.com\/blog\/pros-and-cons-of-refinancing-student-loans\/#Should_You_Refinance_Student_Loans\" >Should You Refinance Student Loans?<\/a><\/li><\/ul><\/nav><\/div>\n<div id=\"bsf_rt_marker\"><\/div>\n<p>If you want to save your money or pay off your student loans as soon as possible, you could consider refinancing. You can refinance federal and private student loans together if you have both. Here\u2019s what you should know before giving your refinance loan application, including the essential pros and cons of refinancing student loans.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Is_Student_Loan_Refinancing\"><\/span><strong>What Is Student Loan Refinancing?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><\/p>\n\n\n\n<p>Student loan refinancing is a process where you work with a private lender to take out a loan for the amount of your current debt. You use the new loan to pay off your old ones. The refinance loan has different repayment terms than your old ones, including interest rate, monthly payment, and length of repayment.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2021\/06\/08233344\/dollar-1362244_1280-1-1024x682.jpg\" alt=\"Pros and Cons of Refinancing Student Loans\" class=\"wp-image-10366\" srcset=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2021\/06\/08233344\/dollar-1362244_1280-1-1024x682.jpg 1024w, https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2021\/06\/08233344\/dollar-1362244_1280-1-980x653.jpg 980w, https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2021\/06\/08233344\/dollar-1362244_1280-1-480x320.jpg 480w\" sizes=\"(min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1024px, 100vw\" \/><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Major_Pros_And_Cons_Of_Refinancing_Student_Loans\"><\/span><strong>Major Pros And Cons Of Refinancing Student Loans<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Pros Of Refinancing Student Loans<\/strong><\/h3>\n\n\n\n<p><\/p>\n\n\n\n<p>Refinancing your student loans is a quick and easy process, but there are certain student loan refinance pros and cons to be aware of. Refinancing offers several benefits that can greatly improve your student loan situation and debt management, but it\u2019s important to understand both the positives and negatives before applying.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>1. Save Money<\/strong><\/p>\n\n\n\n<p>The first pros and cons of refinancing student loans is saving money. When you refinance, you can qualify for a lower interest rate. With a lower rate, more of your payment goes toward the loan principal rather than interest, allowing you to save a significant amount of money.&nbsp;<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>2. Reduce Your Monthly Payment<\/strong><\/p>\n\n\n\n<p>When you refinance, you can extend your repayment term or qualify for a lower interest rate. Either way, you could be eligible for a lower monthly payment, freeing up more money to maintain your monthly budget.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>3. Pay Off Your Student Debt Faster<\/strong><\/p>\n\n\n\n<p>With more of your payment going toward the principal rather than interest, refinancing can help you pay off your debt ahead of schedule.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>4. One Easy Payment<\/strong><\/p>\n\n\n\n<p>Chances are that you took out more than just one student loan. You may even have a mix of federal and private student loans. If that\u2019s the case, juggling multiple loans, monthly payments, and due dates can be confusing. Refinancing can help streamline things for you. When you refinance, you consolidate your student loans together. Going forward, you\u2019ll have just one loan to manage and one easy monthly payment. The Pros and cons of refinancing student loans can be very handy if we compare them in the right way.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong><em>Looking for student loans? All you have to do is fill the form on this page!&nbsp;<\/em><\/strong><\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Cons Of Refinancing Student Loans<\/strong><\/h3>\n\n\n\n<p><\/p>\n\n\n\n<p>Student loan refinancing can be extremely beneficial, but it\u2019s not for everyone. There are risks involved, especially if you have federal student loans. Here are the primary cons of refinancing student loans.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>1. Lose Access To Income Repayment&nbsp;<\/strong><\/p>\n\n\n\n<p>Under an<a href=\"https:\/\/studentaid.gov\/app\/ibrInstructions.action#:~:text=Income%2Ddriven%20repayment%20(IDR)%20plans%20are%20designed%20to%20make,reducing%20your%20monthly%20payment%20amount.\" target=\"_blank\" rel=\"noreferrer noopener\"> Income-Driven Repayment (IDR) plan<\/a>, the loan servicer extends your repayment term and caps your payments at a percentage of your discretionary income, dramatically reducing your payments. However, you no longer qualify for IDR plans once you refinance your loans. If you\u2019re in a low-paying field, or your income fluctuates from year to year, refinancing may not be a smart option for you. It may be a better idea to keep your federal loans as is so you can qualify for an IDR plan.&nbsp;<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>2. Unable To Enter Your Loans Into Deferment Or Forbearance<\/strong><\/p>\n\n\n\n<p>With federal loans, you can enter into deferment or forbearance if you experience financial hardship, such as an illness or job loss. Under these programs, you can postpone making payments without entering into default, giving you time to get back on your feet.<\/p>\n\n\n\n<p>Once you refinance, you lose out on this federal benefit. Some refinancing lenders do offer forbearance options, but their versions tend to be stricter and shorter in duration. If you work in a volatile field or <a href=\"https:\/\/uniacco.com\/blog\/health-insurance-for-international-students\" target=\"_blank\" rel=\"noreferrer noopener\">have recurring health issues<\/a>, it may be wise to postpone refinancing so you have the option of placing your loans into deferment or forbearance.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>3. Won\u2019t Qualify For Federal Loan Forgiveness<\/strong><\/p>\n\n\n\n<p>Some federal student loans are eligible for loan forgiveness programs, such as Public Service Loan Forgiveness. But once you refinance, you no longer qualify for loan forgiveness. And no private lender offers forgiveness options.<\/p>\n\n\n\n<p>If you work for a non-profit organization or government agency and plan to do so for the next ten years, it may be financially wise to pursue loan forgiveness rather than student loan refinancing.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Weigh_The_Pros_And_Cons_Of_Refinancing_Student_Loans_Before_Applying\"><\/span><strong>Weigh The Pros And Cons Of Refinancing Student Loans &nbsp;Before Applying<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><\/p>\n\n\n\n<p>Student loan refinancing is an effective way to manage your debt, helping you save money, reduce your payment, and streamline your loans. However, there are some significant pros and cons of refinancing student loans that you should consider before applying for a loan.<\/p>\n\n\n\n<p>Overall, refinancing is a smart choice for those with good credit, a stable income, and who don\u2019t plan on using federal loan benefits.<\/p>\n\n\n\n<p>By doing your homework on refinancing student loans pros and cons, you can ensure you make the right decision for your needs. Just remember to factor in all the pros and cons of refinancing student loans before choosing to apply for your favorite loan.<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Should_You_Refinance_Student_Loans\"><\/span><strong>Should You Refinance Student Loans?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><\/p>\n\n\n\n<p>Consider a student loan refinance only if,<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>You have excellent credit or a willing co-signer with excellent credit<\/li>\n\n\n\n<li>You have a stable job and a good income<\/li>\n\n\n\n<li>Your initial loans had variable interest rates, and you are looking to lock in a fixed interest rate loan<\/li>\n\n\n\n<li>You want to consolidate more than one student loan into one easy monthly payment<\/li>\n\n\n\n<li>You have been making your <a href=\"https:\/\/uniacco.com\/blog\/best-ways-to-pay-off-student-loans\" target=\"_blank\" rel=\"noreferrer noopener\">student loan payments<\/a> on time and on a consistent basis<\/li>\n\n\n\n<li>A credit counselor can help you to decide if refinancing your student loans is a good plan for you right now.<\/li>\n<\/ul>\n\n\n\n<p><\/p>\n\n\n\n<p><strong><em>Thank you for reading this blog on \u2018<\/em><\/strong><strong><em>Pros And Cons Of Refinancing Student Loans<\/em><\/strong><strong><em>\u2019 If you\u2019d like to read more, here are some blogs that might be of interest to you:<\/em><\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>&nbsp;<\/em><a href=\"https:\/\/unicreds.com\/blog\/tips-to-write-blogs-to-make-money\" target=\"_blank\" rel=\"noreferrer noopener\"><em>A Beginner\u2019s Guide On 5 Tips To Write Blogs To Make Money<\/em><\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/unicreds.com\/blog\/who-wants-to-be-a-millionaire-14-unbeatable-ways-to-become-rich\" target=\"_blank\" rel=\"noreferrer noopener\"><em>Who Wants To Be A Millionaire? 14 Unbeatable Ways To Become Rich<\/em><\/a><\/li>\n\n\n\n<li><a href=\"https:\/\/unicreds.com\/blog\/music-that-helps-you-study\" target=\"_blank\" rel=\"noreferrer noopener\"><em>Tune In To Music That Helps You Study For A Productive Outcome<\/em><\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>If you want to save your money or pay off your student loans as soon as possible, you could consider refinancing. You can refinance federal and private student loans together if you have both. Here\u2019s what you should know before giving your refinance loan application, including the essential pros and cons of refinancing student loans. [&hellip;]<\/p>\n","protected":false},"author":91,"featured_media":26952,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[2578],"tags":[],"class_list":["post-11202","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-student-loan"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pros And Cons Of Refinancing Student Loans - UniCreds Blog<\/title>\n<meta name=\"description\" content=\"Pros and Cons of Refinancing Student Loans: What is student loan refinancing? Major Pros And Cons Of Refinancing Student Loans\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/unicreds.com\/blog\/pros-and-cons-of-refinancing-student-loans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pros And Cons Of Refinancing Student Loans - UniCreds Blog\" \/>\n<meta property=\"og:description\" content=\"Pros and Cons of Refinancing Student Loans: What is student loan refinancing? Major Pros And Cons Of Refinancing Student Loans\" \/>\n<meta property=\"og:url\" content=\"https:\/\/unicreds.com\/blog\/pros-and-cons-of-refinancing-student-loans\/\" \/>\n<meta property=\"og:site_name\" content=\"UniCreds Blog\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-12T15:13:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-24T06:35:46+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2021\/08\/14175537\/UNICREDS-70.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"683\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"UniCreds\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"UniCreds\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/unicreds.com\/blog\/pros-and-cons-of-refinancing-student-loans\/\",\"url\":\"https:\/\/unicreds.com\/blog\/pros-and-cons-of-refinancing-student-loans\/\",\"name\":\"Pros And Cons Of Refinancing Student Loans - UniCreds Blog\",\"isPartOf\":{\"@id\":\"https:\/\/unicreds.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/unicreds.com\/blog\/pros-and-cons-of-refinancing-student-loans\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/unicreds.com\/blog\/pros-and-cons-of-refinancing-student-loans\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2021\/08\/14175537\/UNICREDS-70.jpg\",\"datePublished\":\"2021-08-12T15:13:59+00:00\",\"dateModified\":\"2023-11-24T06:35:46+00:00\",\"author\":{\"@id\":\"https:\/\/unicreds.com\/blog\/#\/schema\/person\/f657f563277e53c7ad5c3ba7f272cffd\"},\"description\":\"Pros and Cons of Refinancing Student Loans: What is student loan refinancing? Major Pros And Cons Of Refinancing Student Loans\",\"breadcrumb\":{\"@id\":\"https:\/\/unicreds.com\/blog\/pros-and-cons-of-refinancing-student-loans\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/unicreds.com\/blog\/pros-and-cons-of-refinancing-student-loans\/\"]}],\"hasPart\":[{\"@type\":\"SiteNavigationElement\",\"name\":\"Table of Contents\",\"url\":\"https:\/\/unicreds.com\/blog\/pros-and-cons-of-refinancing-student-loans\/#ez-toc\",\"position\":1,\"hasPart\":[{\"@type\":\"SiteNavigationElement\",\"name\":\"What Is Student Loan Refinancing?\",\"url\":\"https:\/\/unicreds.com\/blog\/pros-and-cons-of-refinancing-student-loans\/#what-is-student-loan-refinancing\",\"position\":2},{\"@type\":\"SiteNavigationElement\",\"name\":\"Major Pros And Cons Of Refinancing Student Loans\",\"url\":\"https:\/\/unicreds.com\/blog\/pros-and-cons-of-refinancing-student-loans\/#major-pros-and-cons-of-refinancing-student-loans\",\"position\":3},{\"@type\":\"SiteNavigationElement\",\"name\":\"Weigh The Pros And Cons Of Refinancing Student Loans &nbsp;Before Applying\",\"url\":\"https:\/\/unicreds.com\/blog\/pros-and-cons-of-refinancing-student-loans\/#weigh-the-pros-and-cons-of-refinancing-student-loans-before-applying\",\"position\":4},{\"@type\":\"SiteNavigationElement\",\"name\":\"Should You Refinance Student Loans?\",\"url\":\"https:\/\/unicreds.com\/blog\/pros-and-cons-of-refinancing-student-loans\/#should-you-refinance-student-loans\",\"position\":5}]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/unicreds.com\/blog\/pros-and-cons-of-refinancing-student-loans\/#primaryimage\",\"url\":\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2021\/08\/14175537\/UNICREDS-70.jpg\",\"contentUrl\":\"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2021\/08\/14175537\/UNICREDS-70.jpg\",\"width\":1200,\"height\":683,\"caption\":\"Pros And Cons Of Refinancing Student Loans\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/unicreds.com\/blog\/pros-and-cons-of-refinancing-student-loans\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Blog\",\"item\":\"https:\/\/unicreds.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Student Loan\",\"item\":\"https:\/\/unicreds.com\/blog\/category\/student-loan\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Pros And Cons Of Refinancing Student Loans\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/unicreds.com\/blog\/#website\",\"url\":\"https:\/\/unicreds.com\/blog\/\",\"name\":\"UniCreds Blog\",\"description\":\"Your Guide To Abroad Education Loan\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/unicreds.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/unicreds.com\/blog\/#\/schema\/person\/f657f563277e53c7ad5c3ba7f272cffd\",\"name\":\"UniCreds\",\"url\":\"https:\/\/unicreds.com\/blog\/author\/uc_unicreds\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Pros And Cons Of Refinancing Student Loans - UniCreds Blog","description":"Pros and Cons of Refinancing Student Loans: What is student loan refinancing? Major Pros And Cons Of Refinancing Student Loans","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/unicreds.com\/blog\/pros-and-cons-of-refinancing-student-loans\/","og_locale":"en_US","og_type":"article","og_title":"Pros And Cons Of Refinancing Student Loans - UniCreds Blog","og_description":"Pros and Cons of Refinancing Student Loans: What is student loan refinancing? Major Pros And Cons Of Refinancing Student Loans","og_url":"https:\/\/unicreds.com\/blog\/pros-and-cons-of-refinancing-student-loans\/","og_site_name":"UniCreds Blog","article_published_time":"2021-08-12T15:13:59+00:00","article_modified_time":"2023-11-24T06:35:46+00:00","og_image":[{"width":1200,"height":683,"url":"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2021\/08\/14175537\/UNICREDS-70.jpg","type":"image\/jpeg"}],"author":"UniCreds","twitter_card":"summary_large_image","twitter_misc":{"Written by":"UniCreds","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/unicreds.com\/blog\/pros-and-cons-of-refinancing-student-loans\/","url":"https:\/\/unicreds.com\/blog\/pros-and-cons-of-refinancing-student-loans\/","name":"Pros And Cons Of Refinancing Student Loans - UniCreds Blog","isPartOf":{"@id":"https:\/\/unicreds.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/unicreds.com\/blog\/pros-and-cons-of-refinancing-student-loans\/#primaryimage"},"image":{"@id":"https:\/\/unicreds.com\/blog\/pros-and-cons-of-refinancing-student-loans\/#primaryimage"},"thumbnailUrl":"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2021\/08\/14175537\/UNICREDS-70.jpg","datePublished":"2021-08-12T15:13:59+00:00","dateModified":"2023-11-24T06:35:46+00:00","author":{"@id":"https:\/\/unicreds.com\/blog\/#\/schema\/person\/f657f563277e53c7ad5c3ba7f272cffd"},"description":"Pros and Cons of Refinancing Student Loans: What is student loan refinancing? Major Pros And Cons Of Refinancing Student Loans","breadcrumb":{"@id":"https:\/\/unicreds.com\/blog\/pros-and-cons-of-refinancing-student-loans\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/unicreds.com\/blog\/pros-and-cons-of-refinancing-student-loans\/"]}],"hasPart":[{"@type":"SiteNavigationElement","name":"Table of Contents","url":"https:\/\/unicreds.com\/blog\/pros-and-cons-of-refinancing-student-loans\/#ez-toc","position":1,"hasPart":[{"@type":"SiteNavigationElement","name":"What Is Student Loan Refinancing?","url":"https:\/\/unicreds.com\/blog\/pros-and-cons-of-refinancing-student-loans\/#what-is-student-loan-refinancing","position":2},{"@type":"SiteNavigationElement","name":"Major Pros And Cons Of Refinancing Student Loans","url":"https:\/\/unicreds.com\/blog\/pros-and-cons-of-refinancing-student-loans\/#major-pros-and-cons-of-refinancing-student-loans","position":3},{"@type":"SiteNavigationElement","name":"Weigh The Pros And Cons Of Refinancing Student Loans &nbsp;Before Applying","url":"https:\/\/unicreds.com\/blog\/pros-and-cons-of-refinancing-student-loans\/#weigh-the-pros-and-cons-of-refinancing-student-loans-before-applying","position":4},{"@type":"SiteNavigationElement","name":"Should You Refinance Student Loans?","url":"https:\/\/unicreds.com\/blog\/pros-and-cons-of-refinancing-student-loans\/#should-you-refinance-student-loans","position":5}]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/unicreds.com\/blog\/pros-and-cons-of-refinancing-student-loans\/#primaryimage","url":"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2021\/08\/14175537\/UNICREDS-70.jpg","contentUrl":"https:\/\/cdn.unicreds.com\/blog\/wp-content\/uploads\/2021\/08\/14175537\/UNICREDS-70.jpg","width":1200,"height":683,"caption":"Pros And Cons Of Refinancing Student Loans"},{"@type":"BreadcrumbList","@id":"https:\/\/unicreds.com\/blog\/pros-and-cons-of-refinancing-student-loans\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Blog","item":"https:\/\/unicreds.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Student Loan","item":"https:\/\/unicreds.com\/blog\/category\/student-loan\/"},{"@type":"ListItem","position":3,"name":"Pros And Cons Of Refinancing Student Loans"}]},{"@type":"WebSite","@id":"https:\/\/unicreds.com\/blog\/#website","url":"https:\/\/unicreds.com\/blog\/","name":"UniCreds Blog","description":"Your Guide To Abroad Education Loan","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/unicreds.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/unicreds.com\/blog\/#\/schema\/person\/f657f563277e53c7ad5c3ba7f272cffd","name":"UniCreds","url":"https:\/\/unicreds.com\/blog\/author\/uc_unicreds\/"}]}},"_links":{"self":[{"href":"https:\/\/unicreds.com\/blog\/wp-json\/wp\/v2\/posts\/11202","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/unicreds.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/unicreds.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/unicreds.com\/blog\/wp-json\/wp\/v2\/users\/91"}],"replies":[{"embeddable":true,"href":"https:\/\/unicreds.com\/blog\/wp-json\/wp\/v2\/comments?post=11202"}],"version-history":[{"count":3,"href":"https:\/\/unicreds.com\/blog\/wp-json\/wp\/v2\/posts\/11202\/revisions"}],"predecessor-version":[{"id":29003,"href":"https:\/\/unicreds.com\/blog\/wp-json\/wp\/v2\/posts\/11202\/revisions\/29003"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/unicreds.com\/blog\/wp-json\/wp\/v2\/media\/26952"}],"wp:attachment":[{"href":"https:\/\/unicreds.com\/blog\/wp-json\/wp\/v2\/media?parent=11202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/unicreds.com\/blog\/wp-json\/wp\/v2\/categories?post=11202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/unicreds.com\/blog\/wp-json\/wp\/v2\/tags?post=11202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}