I speak to many Biglaw attorneys who choose not to refinance to keep loan forgiveness on the table should they take a much lower paying position in the future.

This can be a totally valid move but, like anything else, there are exceptions.

For example, I’m working with a Biglaw associate who’s considering moving into the public sector and, as a result, has been hesitant to refinance her loans.

Here’s where it gets interesting…

I crunched the numbers and, even assuming much lower pay, she would still pay off her entire balance before loan forgiveness. Therefore, refinancing to a lower interest rate is a no-brainer!

Bottom line – even if your logic seems sound, the numbers don’t lie!