The type of degree you receive dictates your loan terms​.Yes, doctors and dentists get a shot (No Pun intended) at the best rates available.  They had to go through a lot to get that degree so why not? However, all professional degrees will give you the best rates and repayment options.  While your credit profile does play a large role, many people don’t realize that just as important is the type of degree you receive.  Don’t fret if you aren’t a doctor though, there are solid programs for anyone who earned an Associate’s degree or better.

The only credit reporting agency utilized is Experian.

While there are 3 different reporting agencies, your student loan lender only cares about Experian.  The scores are different at each bureau but Experian has been found to be the most accurate for assessing credit strength when it comes to paying back your student loans.  So, if the Experian score is your best score, you just got a better rate.

There are no points or fees charged to refinance your student loan.

You read that right and there is no catch.  Lenders will not charge you anything to pay off your existing loan and write you a new one.  Because there is no cost there is really no risk increasing your loan balance just to get a better payment.  Of course you can align your term to fit your financial situation.  For instance, you want to pay your debt off faster and can absorb a higher payment (less interest paid) then shorten your term. If you need some relief on payments you can extend it (more interest paid) and keep the payment low.