This Business News Story Was Uncovered By Us From: https://www.youngadultmoney.com/should-shouldnt-refinance-student-loans/
This exclusive industry related news Piece, was chosen specifically by Marcus lee, who is one of our undercover online business News flash reporters – will provide you further insight in how these points of discussion could be translated into your own business Launchs.
A few years back student loan refinancing wasn’t something that most people heard about.
That’s not the case today.
The student loan refinancing industry has exploded. According to LendEDU, private student loans now total approximately $100 billion.
Driving the trend towards more and more private student loans includes:
Cost of College – As the cost of tuition, housing, and other living expenses continues to rise, more students today are supplementing their federal student loans with private ones.
Higher Balance of Loans – With grads leaving college with higher amounts of debt, the time it takes to repay those loans are going up. The longer it will take to repay student loans, the higher the potential interest savings.
Advertising Budgets – There are now start-ups, banks, and credit unions all offering student loan refinancing as a product. Marketing spend on this product has been quite intense the past few years, especially compared to ten years ago.
Let’s dive into student loan refinancing, inc… Read More
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