4 instances when student loan refinancing doesn’t make sense

Student loan refinancing is often billed as a way to expedite and simplify student loan repayment. And it certainly can be: By replacing your existing loans with a new one, you can potentially score a lower interest rate, and you will have just one payment due date to keep track of. But refinancing is not the right strategy for everyone.

In general, it’s a move that tends to make sense if you have private student loans and if your credit score and income are “high enough to qualify you...