Average student loan debt is over $30,000 per borrower (you can see your specific state’s student loan debt here). With most interest rates being between 4-7%, that can make for quite the large monthly payment. And, with a high monthly payment, it can be tough to pay extra each month toward your student loans in order to pay them off faster.
If you are looking to pay off your student loans fast and get rid of them once and for all, consider a student loan refinance. Here are four reasons to refinance your student loans.