The goal of refinancing your student loan is to get more favorable rates and save you money. Therefore, when looking for a refinance solution, you should check the available rates and make sure they are lower than the current rates you are paying. Other factors to look at are whether or not you require a certain credit score to apply and whether or not a cosigner can help you find a lower rate. Sometimes, students are unable to use a cosigner when they originally apply for a loan, but later on, if you have the option of adding a cosigner, it could help you with more favorable refinance terms. Finally, take a look at the other factors of a student loan refinancing service. Do they offer discounts if you make automatic payments (auto-pay)? Do they charge origination fees, services fees, or prepayment penalties? Will applying affect your credit score? Be sure to examine these questions and find a refinance service that provides the best overall terms and rates.