FriarMedic Posted November 5, 2014 Share Posted November 5, 2014 I've always heard you shouldn't refinance your federal loans because you lose the benefits of deferment and grace periods, but my state PA organization sent out a flyer about this bank. They're offering refinance rates much lower than most of my federal loans, which in theory could save me thousands. Anyone heard or gone through Darien Rowayton Bank? I'm graduated and working full time now and have started paying my loans. I wouldn't consider this if I wasn't employed full time yet. http://www.drbank.com/student_loan_information.html Link to comment Share on other sites More sharing options...
truffles Posted December 15, 2014 Share Posted December 15, 2014 Well there are pros and cons to refinancing your loans, most of these banks/companies also allow forbearance and deferment and lessening your interest rate which is a very great thing.I used Sofi which answered me very quickly and took my loans from 8.95 to 3.3% to say i was in shock would be a lie.I am paying that thing down like a maniac.Feel free to sign up with them and see what they can do for your interest rate.Not every one will qualify, but it sure doesn't hurt to try.Here is my referral link for anyone to use and you get $100 off if your loans are transferred to them. Sofi Referral link. http://friends.sofi.com/3bmbL Link to comment Share on other sites More sharing options...
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