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How to reclaim financial confidence even with student debt
Over 43 million Americans hold student debt totaling $1.8 trillion, and Earnest urges borrowers to check rates and consider refinancing to reduce costs or adjust payments.
- Earnest advises U.S. student borrowers to check rates and explore refinancing, sharing 3 actions to regain control of loans, as reviewed by Stacker.
- Many borrowers find outdated terms, with borrowers surprised by longer repayment schedules or higher interest rates, while over 43 million Americans carry $1.8 trillion in student-loan debt.
- Start simple: check your total balance, rate, and payment; checking rates can take minutes and does not impact credit for many graduated borrowers.
- Borrowers often feel immediate relief after refinancing, reporting reduced anxiety and more confidence, while borrowers feeling in control of debt make better long-term financial decisions such as saving and planning.
- Refinancing carries trade-offs, including loss of federal benefits, so Earnest advises borrowers redefining progress to weigh giving up income-driven repayment plans and forgiveness carefully.
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34 Articles
34 Articles
Coverage Details
Total News Sources34
Leaning Left2Leaning Right1Center29Last UpdatedBias Distribution91% Center
Bias Distribution
- 91% of the sources are Center
91% Center
C 91%
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