Student Loan Repayment Options After SAVE: Stay Federal or Refinance?

Student loan repayment options have changed dramatically over the past few months with the SAVE Plan ending. Your lowest-cost student loan repayment options from even six months ago might not be the lowest-cost option today. If you’re considering student loan refinancing, SoFi journalist Starla Sampaco breaks down some tradeoffs you should know about. In this video, you’ll learn: -Why you should review your student loan repayment options now -How refinancing could affect your access to federal protections -How refinancing could potentially impact your interest rates and monthly payments This video is intended for: -Borrowers who were enrolled in the SAVE Plan -Parents and families helping pay for college or grad school  -Financial aid officers seeking clear, shareable explanations  Check out Part 1 to learn SoFi’s three-part framework (Forgiveness, Finances, and Flexibility) for narrowing down student loan refinancing options: https://www.youtube.com/watch?v=XApNdu-0FkQ  This content is for educational purposes only and does not represent financial or legal advice. Explore student loan refinancing options at SoFi: https://www.sofi.com/refinance-student-loan/ Learn more: https://www.sofi.com/student-wealth-guide/ Additional Resources:  SAVE Repayment Plan Updates and Changes: What Borrowers Need to Know https://www.sofi.com/learn/content/save-plan-updates/ Student Loan Forgiveness: Programs for Relief and Forgiveness https://www.sofi.com/student-loan-forgiveness-guide/ About SoFi®: A finance company that could help you get ahead. Get Your Money Right® with SoFi. Connect with SoFi: Subscribe to SoFi on YouTube: https://www.youtube.com/channel/UCuoYE0bfkZCwaspBVQ59jfQ?view_as=subscriber?sub_confirmation=1 Like SoFi on Facebook: https://www.facebook.com/SoFi/ Follow SoFi on Twitter: https://twitter.com/SoFi Follow SoFi on Instagram: https://www.instagram.com/sofi/ Follow SoFi on LinkedIn: https://www.linkedin.com/company/sofi/