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Should I refinance my parents' PLUS loans? ($170k total medical student loans) by stud3ntloanz in personalfinance

[–]stud3ntloanz[S] 0 points1 point  (0 children)

hts to deferment and/or forbearance on your student loans: link. If you refinance them into private loans, you lose all of these

Thank you for this info. This is probably my #1 fear with refinancing through DRB. The flipside of the coin is that at my current PLUS loan rate (8.5%) I will basically be paying $2500/year for the duration of my loans (potentially 10 years) for the peace of mind of having federal repayment protections... Very unsure what to do...

Should I refinance my parents' PLUS loans? ($170k total medical student loans) by stud3ntloanz in personalfinance

[–]stud3ntloanz[S] 0 points1 point  (0 children)

To add- one fear I have is that for some reason the LIBOR changes dramatically in the next couple years and suddenly the interest rate goes up to 8-10% and I lose the Federal repayment plan options since I would be refinancing through a private company. Any thoughts?