Personal Line of Credit vs. Student Loan Refinancing

When it comes to student debt payoff, it pays to get creative. From forgiveness programs, to employer student loan repayment, to student loan refinancing, there are lots of ways to reduce the overall cost of student loan repayment.

But would it be worth your while to pay off your student loans with a personal line of credit instead of student loan refinancing? That would certainly be an "out of the box" move. Yet some borrowers may feel like it could save them money while also providing a higher level of payment flexibility.

When it comes to a personal line of credit vs. student loan refinancing, which is best? This article explains why private student loans will generally be superior to a personal line of credit for lowering your student loan interest rate.