Student Loan Refinancing

[smitdog30]

My wife and I have paid off all our debt with the exception of our mortgage and my student loans.  The two student loans I currently have are:

1.  Subsidized Consolidated Loan (Direct) through Navient - $51,000 - 6% interest once COVID emergency relief is over 01/31/22

2.  Unsubsidized Consolidated Loan (Direct) through Navient - $44,000 - 6% interest once COVID emergency relief is over 01/31/22

I do have a few thousand to put towards the loans before the COVID relief is over and I do plan on paying $1,000 to $1,500 a month once relief is over.  I am wondering if it would make sense to try and refinance these loans at this time?  Thanks!

[TC1212]

Do you know if you happen to qualify for the Public Service Loan Forgiveness?  Have you worked for a government agency or not-for-profit or tax exempt agency?  If so, check with MyFedLoans first to see if you may qualify for the program.

[smitdog30]

Thanks.  I don't work for a year or two as a contractual employee for the state but I don't believe that counts.  My wife is a school teacher, but again, I don't believe that would help me.

[TC1212]

You're correct, contractual employees don't qualify.  However, if your wife has separate loans she may qualify.