How Student Loan Refinancing Could Undo Federal Loan Policy

January 26th, 2016 / By

Originally published on Above the Law.

If you’re a law school graduate with a ton of debt, there are a few companies that really want to talk to you — if you went to the right school and have the right job.

The deal works like this. The bank or non-bank lender pays the federal government the balance of your loan and you pay the new lender instead. In exchange, the private lender charges you a much lower interest rate. Rather than a rate north of 7%, you receive a rate as low as 2.5%.
(more…)

, No Comments Yet

About Law School Cafe

Cafe Manager & Co-Moderator
Deborah J. Merritt

Cafe Designer & Co-Moderator
Kyle McEntee

ABA Journal Blawg 100 HonoreeLaw School Cafe is a resource for anyone interested in changes in legal education and the legal profession.

Around the Cafe

Subscribe

Enter your email address to receive notifications of new posts by email.

Categories

Recent Comments

Recent Posts

Monthly Archives

Participate

Have something you think our audience would like to hear about? Interested in writing one or more guest posts? Send an email to the cafe manager at merritt52@gmail.com. We are interested in publishing posts from practitioners, students, faculty, and industry professionals.

Past and Present Guests