By Rachel Kleiman
A letter from a student loan refinancing company is placed on your desk. Have you wondered if refinancing is worth it or just a scam?
Refinancing means taking on new debt with new terms in order to pay off older debt. By refinancing, you can reduce monthly payments, secure a lower interest rate, and renegotiate the term of your loan. Additionally, refinanced student debt is still student debt, meaning you will still receive a 1098-E for tax purposes. Refinancing...