Timothy J. Sierra, Attorney at Law Trusted Florida Bankruptcy Attorney Since 1987
Call Today For A Free Initial Consultation

Refinancing for Student Loans

Refinancing is a term most associated with mortgage payments on homes, but now refinancing is involving student loans.

Refinancing student loans will essentially save borrowers money; that is the goal. However, one needs to qualify to refinance first, and most student loan debtors are not eligible. Refinancing student loans requires a high credit score and a steady income from applicants.

For those who do qualify for refinancing of their student loans, a lot of private lenders offer refinancing at low interest rates, thereby lowering their payment. This gives borrowers a financial boost and a good way to begin buying a home or starting their own business. However, those who do choose to refinance federal student loans with private lenders are at risk of losing the federal repayment options that come with government student loans. Private refinancing does not give you any protection for income-based repayments or forbearance in case of emergency. These are all risks anyone thinking of refinancing student loans should be aware of before they choose to refinance with a private lender.

Refinancing student loans is a way to get ahead financially, and not recommended for borrowers struggling to make payments on debt. If you are a borrower who does not qualify for refinancing, work on improving your credit score by making regular, on time payments. Also if your debt situation is looking bleak, contact an attorney who can lead you in the right direction that will help you become financially stable.

Work Cited:

Paquette, D. (2014, October 15). Student loan refinancing will save you money - if you don't actually need it. The Washington Post. Retrieved October 17, 2014, from http://www.washingtonpost.com/news/storyline/wp/2014/10/15/student-loan-refinancing-will-save-you-money-if-you-dont-actually-need-it/

No Comments

Leave a comment
Comment Information
  • "When I first came to the decision to file for bankruptcy, I had no idea where to start. I began researching attorneys on the internet and came across the information for Tim Sierra. Since he specialized in bankruptcy and had a lot of experience......"
  • The process of going through bankruptcy could be very overwhelming but Tim made me feel at ease and I felt that my needs were being taken care of. I truly feel that he had my best interests in mind and the lines of communication were always open....
  • "I had to file a Chapter 7 bankruptcy. I didn't know anyone who could refer someone so I took a chance and just looked on the Internet. I don't remember exactly why I chose Mr. Sierra, but I am glad I did..."
  • He was honest, straightforward, and hard-working. In my case I ended up with some extenuating circumstances and he handled the matter professionally even though I'm sure the work probably exceeded what he originally felt it would be....
  • I don't ever write reviews, and I had no prior relationship with Mr. Sierra. This review is simply being written as a service to others that Mr. Sierra is an excellent attorney and should be considered for your needs if you need one....
  • "I'm very happy to have been referred to Tim for my Chapter 7 filing. He was knowledgeable in his field and very responsive in replying to any questions or concerns I had. Tim was also very accommodating with meeting times..."
  • " I recently was in need of Mr. Sierra's services and I found him to be very understanding and helpful in my particular circumstance. He met with me and explained everything in full detail and also answered every question that I had....."
  • " I recommend Timothy Sierra a loyal and dependable lawyer. When you talk to him you feel that you are with a friend or a member of your family. Timothy is able to lead you in every step of the process. Good job Timothy."
  • " Bankruptcy is a private and personally devastating life event. Timothy Sierra and his assistant, Nancy, made the process as painless as possible. They kept in close contact via phone and email so I always knew what was happening in my case...."
More Testimonials
Email Us Today

Schedule A Free Initial Consultation To talk to an experienced Tampa bankruptcy attorney, call 877-492-7449 or fill out the form. All calls are returned within 24 hours.

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

We Have Offices in Tampa, Riverview and Brandon For Your Convenience.

Tampa Office
118 South Rome Avenue
Tampa, FL 33606

Toll Free: 877-492-7449
Toll Free: 877-492-7449
Phone: 813-463-2256
Phone: 813-463-2256
Fax: 813-258-4746
Tampa Law Office Map

Riverview Office
6314 U.S. Highway 301 South
Riverview, FL 33578

Toll Free: 877-492-7449
Toll Free: 877-492-7449
Phone: 813-463-2256
Phone: 813-463-2256
Fax: 813-258-4746
Map & Directions

Brandon Office
305 North Parsons Avenue
Brandon, FL 33510

Toll Free: 877-492-7449
Toll Free: 877-492-7449
Phone: 813-463-2256
Phone: 813-463-2256
Fax: 813-258-4746
Map & Directions