The Federal government removed the “PAUSE” on student loan repayments back in October of 2023. No longer in forbearance, many borrowers have felt the pinch of additional monthly payments since then. This could negatively impact individuals squeezing them more financially.

Let’s look at some student loans stats.

There are currently $1.75 TRILLION (yes with a T) outstanding student loan balances.

Current rates range from around 5-14%  Per NerdWallet

Private loans typically carry heftier terms than federal student loans.

43 million student loan borrowers

We now offer a fantastic avenue to help you consolidate your student loans into one easy monthly payment. We do a great job of underwriting and closing this product.  

Below are the highlights:

• Fannie Mae Only

• Loan to Value Ratios and guidelines are based on cash out (Note first lien must be seasoned 12 months)

• No Cash out loan level pricing adjustments, giving the best refinance rate available.

• At least one full student loan must be paid off. No partial student loans or additional debt.

• Free and clear homes are okay if cash out is being used to pay student loan debts only.