Photo courtesy of Anna N’Jie-Konte The financial fallout from the coronavirus pandemic has dropped interest rates to lows not seen in quite a while. For anyone who took out loans in years where interest rates were previously high, refinancing could save. Refinancing a student loan generally involves replacing the loan with a private student loan with a lower interest rate For those with federal loans, however, refinancing could mean losing the federal forbearance in place until September 2020, as well as the ability to qualify for federal income-driven repayment or loan forgiveness programs. Learn more about getting or refinancing