Student Loan Refinancing Confusion

The 1st of July signals a rise in interest rates for college student loans which means more or higher repayments for students. The rate hike of nearly 2 percent has made lenders offer students many refinancing options to lock in lower interest rates and even cashable checks if they meet certain criteria which has resulted in much confusion as to what the best deals are.
Many options sound good but 1 late payment can mean the deal is forfeited. So with the 1st of July fast approaching many students are struggling to work out what will suit them best.

Students Face Flood of Refinancing Offers
"With interest rates on student loans set to rise July 1, lenders are inundating people paying down college debt with a confusing array of aggressive pitches to refinance. Under federal rules, borrowers who consolidate their student loans by the deadline can refinance to lock in current interest rates before they are slated to move much higher. But they face a welter of choices, including numerous incentives from institutions and private lending companies".
Post-Gazette

# Mortgages & Loans