My payments will be the same amount of money I am paying now, as I had the option for a 5, 7, or 10 year loan. I chose the 7 year loan for the same monthly payment I am currently paying with NAVIENT! Therefore I will be paying my loan off 3 years sooner!
I will also be SAVING OVER $25,000 over the life of the loan!
That is a ridiculous amount of money that I would much rather have in my pocket than the pocket of NAVIENT!
I learned some other great things about Laurel Road:
- You may be able to add in any parent plus loans through the refinancing to release your parents.
- Obtaining a loan on your own will release any cosigners you may have
- *FORBEARANCE: You may postpone loans for 3 months at a time up to 12 months if you can document an economic hardship. (Many companies could care less about your economic hardship. You never know what the future brings and its smart to have a plan in case of a job loss, etc.)
I was so excited to be approved that I referred my brother, and he too was approved and will be refinancing his loans through Laurel Road as well!
Use my referral code to get $80 for yourself if you get approved through Laurel Road!