2 thoughts on “Can Refinance My Student Loan Through MY Bank?”

1. If the bank will allow it. But I doubt it, it depends on how much you owe and how excellent your credit is. It would likely be set up as a signature loan,,, and not a student loan. Meaning this would be terrible for you, you could not deduct the interest you pay on your taxes, you could no longer defer payments for hardship circumstances or going back to school. If they are federal loans, you could not have them forgiven if you become disabled or die. Don’t do it. It doesn’t help you any to refinance… except possibly make your interest rate higher.

2. You probably can if you have multiple loans, ie disbursements. Question about consolidating. If they are federal loans then you force want to shop around a bit. I consolidated my loans after I graduated a few years ago, and while the rates were determined by the government different companies did have differences in payment structures, discounts for electronic payments, on-time payment rewards, and I even got 2% rebate when I consolidated. Granted the market has altered since then, but you still should check out the options.