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These student loan refi rates dipped slightly. Here’s who should, and should not, refinance their student loans

·2 min read
These student loan refi rates dipped slightly. Here’s who should, and should not, refinance their student loans

MarketWatch Picks has highlighted these products and services because we think readers will find them useful; the MarketWatch News staff is not involved in creating this content. For 10-year fixed rate loans, the average student loan refinancing rate leveled off at 5.79%, down from 5.80% the week prior, according to the latest rates from Credible for the week ending 7/5. More than 40 million Americans are on the hook for student loan debt totaling more than $1.7 trillion dollars — so it’s not surprising that many people are looking to refinance their student loans.