Refinancing vs Keeping: Rate Savings vs Lost Benefits
This lesson is part of the course
In this lesson
You price three private refinance offers against Maya's current loans, then subtract an expected value for the income-driven and forgiveness protections she would give up.
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Lessons in this course
- Interest While You Study & Capitalisation Locked
- The Standard 10-Year Plan: PMT & Total Interest Locked
- The Graduated Plan: Payments That Step Up Every 2 Years Locked
- Income-Driven Plans: % of Discretionary Income Locked
- Forgiveness After N Years: What Is Left, Paid & Possibly Taxed (Chart) Locked
- Extra Payments & the Payoff Date: NPER and EDATE Locked
- Refinancing vs Keeping: Rate Savings vs Lost Benefits Locked
- Plan Comparison: Total Cost of Every Plan (Chart) Locked