u/Gakhars_Chowa

I finally got a stable job about eight months after graduating and I keep seeing ads for loan refinancing but I have no idea if its actually worth it for someone like me. My current monthly payment is around $380 and my interest rate is sitting at 6.8% which feels kind of high. I talked to one person who said they saved like $90 a month after refinancing but I dont know if thats typical or if they just got lucky with their credit score at the time.

For context I have about $34k left and I'm thinking about going with a private lender but I know that means losing federal protections which kind of scares me a little. Did any of you actually run the numbers and find it was worth it, or did you end up regretting it later?