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Federal Student Loans Have Protections That Refinancing Erases Forever

Summary by Money Crashers
Federal student loans come with income-driven repayment plans that tie your payment to what you earn, plus forgiveness programs private lenders will never offer. Refinancing into a private loan trades all of that for a rate cut, permanently. Exhaust the federal options before you sign anything private. Source

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Money Crashers broke the news on Thursday, August 27, 2026.
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