6/12/2015 – The New Math of Student Loans (The Wall Street Journal)

When it comes to student loans, a little homework can lead to big savings.Over the next few weeks, hundreds of thousands of students and their parents will apply for student loans for the coming college year. Many students will sign up for federal loans, where they will find the best deals.But for a certain group of applicants—undergraduate students with creditworthy parents and graduate students with high credit scores—student loans from private lenders, long associated with high interest rates and stricter repayment terms, are becoming more borrower-friendly and could help them save thousands of dollars over the life of a loan.In addition, a growing number of private lenders allow borrowers to refinance their existing loans at a lower interest rate.

Read the full article in  The Wall Street Journal.