Total balance $19,115.XX
Loan 1) $908 balance - 3.15%
Loan 2) $1973.03 balance - 6.55%
Loan 3) $1234.11 balance - 3.15%
Loan 4) $3216.45 balance - 6.55%
Loan 5) $1900.72 balance- 3.610%
Loan 6) $4011.02 balance - 3.610%
Loan 7) $1007.87 balance - 4.410%
Loan 8) $4863.76 balance - 4.410%
I am looking into refinancing my student loan's, I have been paying on them for approximately three year's, and estimated maturity date is 2025. Ideally I would like to pay these off in the next few year's, I do have the cash to pay them off in full. However I am eyeing an investment oppurtunity and would like to keep my cash at the moment. Does refinancing make sense in my situation (above % rates are after a .25% discount for auto-pay) given that most of the rates aside from two of the loan's are in the 3-4% range? Scores are high 700's-low 800's depending on bureau/model.
I have also thought about knocking out the smaller balances with my bonus checks as I get them, or knocking out the higher APR loan's first.
I need some guidance and opinion's on this matter, and more importantly, what financial institution's are respectable/offer the best rates for SL refi's?
If you can get a better APR, Take it. No institutions to offer, but 54k in SL's and rate shopping. I'll return with suggestions if I find something worth sharing.