Ways to refinance student loans London

February 6, 2018
Student loan refinancing

With a MEFA Education Refinancing Loan, you can combine your existing student debt into one loan that’s easy to manage.

Who Is Eligible

To be eligible for a MEFA Education Refinancing Loan, you must:

  • Be a citizen or permanent resident of the United States
  • Have no history of default on an education loan
  • Have no history of bankruptcy or foreclosure in the past 60 months
  • Be a signer on all loans being refinanced

Which Loans are Eligible

You may refinance any loan that:

  • Is a federal or private education loan, including Federal Direct Undergraduate Loans, Stafford Loans, PLUS Loans, and Graduate PLUS Loans
  • Is in repayment and current at the time of your refinance application
  • Is not in a grace period, deferment, or forbearance
  • Was used to fund an education at an eligible college or university (as defined by MEFA)

You must have a minimum of $10, 000 in education loan debt to refinance your loans.

Keep in mind that refinancing a federal student loan will cause you to forfeit certain benefits for which you may be eligible that only federal loans offer. Learn more

How to Apply

Applying for a MEFA Education Refinancing Loan is easy and free, and takes just a few minutes for pre-approval.

1. Click the green button below to complete our online application and get an instant credit decision.
2. After receiving pre-approval, upload the requested documents to verify your income and current loan details, including a from each of your current lenders.
3. After final approval, select between a fixed or variable interest rate.

Source: www.mefa.org
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