Consolidating parent plus loans
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Additionally, if you’re trying to retire sooner rather than later, extending your term might not be in your best interest.
Thankfully, most student loan refinance programs and Parent PLUS refinance programs don’t have fees associated with the loan, so you don’t need to worry about paying origination or application fees.
However, you should do the math to make sure refinancing is worth the paperwork.
Beyond interest rates, you should also be aware that refinancing your Federal Direct PLUS loan means giving up several benefits specific to Federal student loans.
Private lenders don’t offer the same repayment assistance, though some lenders are more flexible than others.