Aidvantage Student Loan Refinance primarily focuses on refinancing federal student loans, including Direct loans and Federal Family Education Loan Program (FFELP) loans. It does not refinances private student loans.

Refinancing federal student loans with Aidvantage may cause the loss of certain federal loan benefits. Federal loan benefits, such as income-driven repayment plans, loan forgiveness programs, and deferment/forbearance options, are typically associated with federal loans and may not be available through private refinancing.

Refinancing student loans while still in school may not be possible with Aidvantage or many other lenders. Typically, refinancing options become available after the borrower has completed their educational program and entered into the repayment phase. If you are still enrolled in school, it is advisable to wait until you have graduated and entered the repayment period before exploring refinancing options.

Refinancing your student loan may have an impact on your credit score. When you apply for refinancing, the lender will typically conduct a hard credit inquiry, which can temporarily lower your credit score by a few points. However, if you make consistent, on-time payments on your refinanced loan, it can have a positive long-term effect on your credit score.