Yes, you can refinance both federal and private student loans through NaviRefi Student Loan Refinance, as both options are available. Refinancing allows you to consolidate your loans into a new loan with potentially better terms, such as lower interest rates or a different repayment structure.

Whether you have federal or private student loans used for undergraduate studies, NaviRefi offers the opportunity to consolidate and refinance them into a new loan with potentially better interest rates and repayment terms. Refinancing can help you simplify your payments and potentially save money.

Refinancing your student loans can have an impact on your credit score. When you apply for refinancing, there will be a temporary dip in your credit score due to a hard credit inquiry. However, if you make timely payments and manage your new loan responsibly, refinancing can have a positive long-term effect on your credit score.

When you refinance your student loans, your current loan servicer will be replaced by the new lender you choose for refinancing, such as NaviRefi. The new lender will pay off your existing loans, and you will start making payments directly to them. Your previous loan servicer will no longer handle your loan account, and you will no longer have any obligations or interactions with them.