u/Amarit-Apostol

i’ve been looking into refinancing my mba student loans and keep seeing mixed info everywhere. some people say it can really lower your interest rate a lot, others say the difference is not that big unless you already have a strong credit score and income.

right now my mba loans feel pretty heavy with the interest stacking up, and i’m trying to figure out if refinancing actually makes sense or if it’s just something that sounds better than it is. i don’t want to mess it up and end up with a worse deal in the long run.

for those who actually did it, did your rate drop enough to make a real difference in your monthly payments or total payoff? also curious if there were any hidden downsides you didn’t expect at first.