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6. Allow refinancing. Refinancing proposals for advanced schooling, having said that, generally speaking usually do not consist of a phrase extension.

6. Allow refinancing. Refinancing proposals for advanced schooling, having said that, generally speaking usually do not consist of a phrase extension.

This solution entails permitting federal education loan borrowers getting a lesser rate of interest through the duration of their payment term. This notion arises from the mortgage market, where refinancing typically pairs a lowered rate of interest with a lengthier repayment term. Continue reading