Originally Posted by
bpizm
He/she can’t do this—they refinanced with a private company. Can’t do income-based, can’t do PSLF. I don’t get why anyone refinances fed loans to private. You never know what the future holds and having the option to income-base or even defer if in a crisis is invaluable. Yet people refinance despite these warnings that the private companies are required to give. Don’t do it!
Because US public schools don’t teach squat about financial education. I don’t know how many times in my military years one of the Senior Enlisted Advisors would shake his head in despair saying, ‘I used to think that old ‘I can’t be out of money, I still have checks left,’ line was a joke. I hear it damn near every week.