{"id":6487,"date":"2023-07-24T13:10:52","date_gmt":"2023-07-24T07:40:52","guid":{"rendered":"https:\/\/fly.finance\/blog\/?p=6487"},"modified":"2023-07-24T13:10:52","modified_gmt":"2023-07-24T07:40:52","slug":"study-abroad-loans-education-loan-refinancing-emerges-as-a-viable-debt-solution-news-2023-07","status":"publish","type":"post","link":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-refinancing-emerges-as-a-viable-debt-solution-news-2023-07\/","title":{"rendered":"Study Abroad Loans: Education Loan Refinancing Emerges as a Viable Debt Solution"},"content":{"rendered":"\n<p><a href=\"https:\/\/fly.finance\/blog\/education-loan\/refinance-student-loans\/\"><strong>Education loan refinancing<\/strong><\/a> has become a viable option for<a href=\"https:\/\/leverageedu.com\/\"><strong> study abroad <\/strong><\/a>students. Anyone with a <a href=\"https:\/\/fly.finance\/blog\/education-loan\/instant-student-loan\/\"><strong>study abroad loan<\/strong><\/a> can thrive in the rising education loan interest rate environment by opting for a refinance option.\u00a0<\/p>\n\n\n\n<p>In the current economic climate, graduates have the opportunity to refinance their <a href=\"https:\/\/leverageedu.com\/blog\/types-of-education-loan\/\"><strong>education loans<\/strong><\/a> by obtaining a new loan to repay their existing one. This process allows them to potentially secure improved interest rates, lower monthly payments, and more favourable conditions. Additionally, refinancing can enable graduates to acquire fixed interest rates and relieve their parents of the responsibility of being co-signers or <a href=\"https:\/\/fly.finance\/blog\/education-loan\/education-loan-without-guarantor\/\"><strong>guarantors<\/strong><\/a> on the loan.<\/p>\n\n\n\n<p>This option is available for beneficiaries of domestic and abroad studies education loans who are still studying. Additionally, borrowers who have completed their courses and are about to pay off their loans can also refinance student loans. Moreover, working professionals who are still paying off educational loans can seek refinancing options.<\/p>\n\n\n\n<p><\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"720\" height=\"400\" src=\"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/07\/24131023\/Refinance-Education-Loan.jpg\" alt=\"Refinance Education Loan\" class=\"wp-image-6492\" srcset=\"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/07\/24131023\/Refinance-Education-Loan.jpg 720w, https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/07\/24131023\/Refinance-Education-Loan-300x167.jpg 300w, https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/07\/24131023\/Refinance-Education-Loan-150x83.jpg 150w\" sizes=\"auto, (max-width: 720px) 100vw, 720px\" \/><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\" id=\"h-ways-of-education-loan-refinancing\"><span id=\"ways-of-education-loan-refinancing\">Ways of Education Loan Refinancing<\/span><\/h2>\n\n\n\n<p>Indian students with outstanding education loans can reach out to private lenders, explore government schemes, or<a href=\"https:\/\/fly.finance\/blog\/education-loan\/consolidate-student-loans-meaning-benefits-process\/\"><strong> consolidate several education loans<\/strong><\/a> to refinance their student loans. Here are some of the popular ways to refinance loans in India:\u00a0<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Private Lenders:<\/strong> Borrowers can research private financial entities that provide refinancing services for student loans. Lenders such as Avanse may offer flexible repayment terms, competitive interest rates, and the possibility of releasing <a href=\"https:\/\/fly.finance\/blog\/education-loan\/co-applicant-in-education-loan\/\"><strong>co-applicants<\/strong><\/a>\/co-signers.<\/li>\n\n\n\n<li><strong>Loan Consolidation: <\/strong>Another option is to consolidate numerous education loans into a single loan with a new lender. This is simplest the <a href=\"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-understanding-loan-repayment-and-how-it-works-in-2023-news-2023-07\/\"><strong>loan repayment process<\/strong><\/a>. Furthermore, it can possibly lower interest rates and better repayment terms.<\/li>\n\n\n\n<li>Government Schemes: Certain government student loans in India offer refinancing facilities. Beneficiaries can check with relevant nationalised banks to check if they qualify for such programmes. These government-backed schemes often come with added advantages and lower interest rates.<\/li>\n<\/ul>\n\n\n\n<p>Stay in tune with <a href=\"https:\/\/fly.finance\/blog\/news-updates\/\"><strong>Fly Finance News Desk<\/strong><\/a> to get the latest updates on study abroad loans and <a href=\"https:\/\/fly.finance\/\"><strong>international money transfers<\/strong><\/a>.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Students can opt for several education loan refinancing options in India. Most viable ones are Government Schemes &#038; Loan Consolidation.<\/p>\n","protected":false},"author":5,"featured_media":6491,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[260],"tags":[],"class_list":["post-6487","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Study Abroad Loans: Education Loan Refinancing Emerges as a Viable Debt Solution | Fly Finance<\/title>\n<meta name=\"description\" content=\"Students can opt for several education loan refinancing options in India. Most viable ones are Government Schemes &amp; Loan Consolidation.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-refinancing-emerges-as-a-viable-debt-solution-news-2023-07\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Study Abroad Loans: Education Loan Refinancing Emerges as a Viable Debt Solution\" \/>\n<meta property=\"og:description\" content=\"Students can opt for several education loan refinancing options in India. Most viable ones are Government Schemes &amp; Loan Consolidation.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-refinancing-emerges-as-a-viable-debt-solution-news-2023-07\/\" \/>\n<meta property=\"og:site_name\" content=\"Fly Finance\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-24T07:40:52+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/flyblog.s3.ap-south-1.amazonaws.com\/wp-content\/uploads\/2023\/07\/24130839\/Study-Abroad-Loans-Education-Loan-Refinancing-Emerges-as-a-Viable-Debt-Solution.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Fly Finance News Desk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fly Finance News Desk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Study Abroad Loans: Education Loan Refinancing Emerges as a Viable Debt Solution | Fly Finance","description":"Students can opt for several education loan refinancing options in India. Most viable ones are Government Schemes & Loan Consolidation.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-refinancing-emerges-as-a-viable-debt-solution-news-2023-07\/","og_locale":"en_US","og_type":"article","og_title":"Study Abroad Loans: Education Loan Refinancing Emerges as a Viable Debt Solution","og_description":"Students can opt for several education loan refinancing options in India. Most viable ones are Government Schemes & Loan Consolidation.","og_url":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-refinancing-emerges-as-a-viable-debt-solution-news-2023-07\/","og_site_name":"Fly Finance","article_published_time":"2023-07-24T07:40:52+00:00","og_image":[{"width":720,"height":400,"url":"https:\/\/flyblog.s3.ap-south-1.amazonaws.com\/wp-content\/uploads\/2023\/07\/24130839\/Study-Abroad-Loans-Education-Loan-Refinancing-Emerges-as-a-Viable-Debt-Solution.jpg","type":"image\/jpeg"}],"author":"Fly Finance News Desk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Fly Finance News Desk","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-refinancing-emerges-as-a-viable-debt-solution-news-2023-07\/#article","isPartOf":{"@id":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-refinancing-emerges-as-a-viable-debt-solution-news-2023-07\/"},"author":{"name":"Fly Finance News Desk","@id":"https:\/\/fly.finance\/blog\/#\/schema\/person\/335685cb8a5a59ab15afe7f0ad3b55d0"},"headline":"Study Abroad Loans: Education Loan Refinancing Emerges as a Viable Debt Solution","datePublished":"2023-07-24T07:40:52+00:00","mainEntityOfPage":{"@id":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-refinancing-emerges-as-a-viable-debt-solution-news-2023-07\/"},"wordCount":335,"commentCount":0,"publisher":{"@id":"https:\/\/fly.finance\/blog\/#organization"},"image":{"@id":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-refinancing-emerges-as-a-viable-debt-solution-news-2023-07\/#primaryimage"},"thumbnailUrl":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/07\/24130839\/Study-Abroad-Loans-Education-Loan-Refinancing-Emerges-as-a-Viable-Debt-Solution.jpg","articleSection":["News Updates"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-refinancing-emerges-as-a-viable-debt-solution-news-2023-07\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-refinancing-emerges-as-a-viable-debt-solution-news-2023-07\/","url":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-refinancing-emerges-as-a-viable-debt-solution-news-2023-07\/","name":"Study Abroad Loans: Education Loan Refinancing Emerges as a Viable Debt Solution | Fly Finance","isPartOf":{"@id":"https:\/\/fly.finance\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-refinancing-emerges-as-a-viable-debt-solution-news-2023-07\/#primaryimage"},"image":{"@id":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-refinancing-emerges-as-a-viable-debt-solution-news-2023-07\/#primaryimage"},"thumbnailUrl":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/07\/24130839\/Study-Abroad-Loans-Education-Loan-Refinancing-Emerges-as-a-Viable-Debt-Solution.jpg","datePublished":"2023-07-24T07:40:52+00:00","description":"Students can opt for several education loan refinancing options in India. Most viable ones are Government Schemes & Loan Consolidation.","breadcrumb":{"@id":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-refinancing-emerges-as-a-viable-debt-solution-news-2023-07\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-refinancing-emerges-as-a-viable-debt-solution-news-2023-07\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-refinancing-emerges-as-a-viable-debt-solution-news-2023-07\/#primaryimage","url":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/07\/24130839\/Study-Abroad-Loans-Education-Loan-Refinancing-Emerges-as-a-Viable-Debt-Solution.jpg","contentUrl":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2023\/07\/24130839\/Study-Abroad-Loans-Education-Loan-Refinancing-Emerges-as-a-Viable-Debt-Solution.jpg","width":720,"height":400,"caption":"Refinance Education Loan"},{"@type":"BreadcrumbList","@id":"https:\/\/fly.finance\/blog\/news-updates\/study-abroad-loans-education-loan-refinancing-emerges-as-a-viable-debt-solution-news-2023-07\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/fly.finance\/blog\/"},{"@type":"ListItem","position":2,"name":"News Updates","item":"https:\/\/fly.finance\/blog\/category\/news-updates\/"},{"@type":"ListItem","position":3,"name":"Study Abroad Loans: Education Loan Refinancing Emerges as a Viable Debt Solution"}]},{"@type":"WebSite","@id":"https:\/\/fly.finance\/blog\/#website","url":"https:\/\/fly.finance\/blog\/","name":"Fly Finance","description":"Explore blogs related to Education Loan, Student Bank Account, International Money Transfer, Scholarships along with latest news at Fly Finance.","publisher":{"@id":"https:\/\/fly.finance\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/fly.finance\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/fly.finance\/blog\/#organization","name":"Fly Finance","url":"https:\/\/fly.finance\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/fly.finance\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/01\/29151141\/Fly-Finance-Logo-1.webp","contentUrl":"https:\/\/flyblog.fly.finance\/wp-content\/uploads\/2024\/01\/29151141\/Fly-Finance-Logo-1.webp","width":1080,"height":1080,"caption":"Fly Finance"},"image":{"@id":"https:\/\/fly.finance\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/fly.finance\/blog\/#\/schema\/person\/335685cb8a5a59ab15afe7f0ad3b55d0","name":"Fly Finance News Desk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a002f84246d1b3acc3e50683d6290b4ad8635ef0ccc78710229d513faca81376?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a002f84246d1b3acc3e50683d6290b4ad8635ef0ccc78710229d513faca81376?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a002f84246d1b3acc3e50683d6290b4ad8635ef0ccc78710229d513faca81376?s=96&d=mm&r=g","caption":"Fly Finance News Desk"},"sameAs":["https:\/\/fly.finance\/","https:\/\/www.instagram.com\/flydotfinance\/","https:\/\/www.linkedin.com\/company\/fly-finance\/"],"url":"https:\/\/fly.finance\/blog\/author\/flynews\/"}]}},"_links":{"self":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/6487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/comments?post=6487"}],"version-history":[{"count":4,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/6487\/revisions"}],"predecessor-version":[{"id":6493,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/posts\/6487\/revisions\/6493"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media\/6491"}],"wp:attachment":[{"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/media?parent=6487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/categories?post=6487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fly.finance\/blog\/wp-json\/wp\/v2\/tags?post=6487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}