Important: Refinancing Federal Loans

Refinancing federal student loans into a private loan means you will permanently lose access to federal benefits such as:

• Income-Driven Repayment (IDR) plans (e.g., SAVE, PAYE, IBR)
• Public Service Loan Forgiveness (PSLF) and other federal forgiveness programs
• Federal deferment and forbearance options (e.g., for economic hardship, unemployment)
• Potential future federal relief measures (e.g., interest waivers, widespread cancellation)

Carefully consider if the potential savings outweigh the loss of these valuable protections before proceeding with refinancing federal loans.