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Home Ask Student Aid FAQ Should I Make Payments While my Student Loan Refinance is Being Processed

Should I Make Payments While my Student Loan Refinance is Being Processed

Yes. Until you receive confirmation from your new lender of your new loan, you should continue making payments to your existing lenders. Any overpayment with either be forwarded to your new lender or refunded back to you.

NOTE: Keep track of your payments during this time period. If you are due a refund from your former lender, it’s a good idea to know how much so you can follow up, if needed.