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Stepping in to help is a growing number of lenders, including Social Finance (So Fi), Common Bond, Darien Rowayton Bank, Citizens Financial Group and more than 300 credit unions and community banks who use the online platform Lend Key.
Though refinancing private student loans has been possible for years, institutions only began refinancing federal student loans in 2012.
It may be easier to decide to refinance private loans, but you'll still need to understand the costs and qualification criteria.