It’s a myth that refinancing makes sense for all Biglaw associates…

For example, I met with a Biglaw client yesterday and, after crunching the numbers, we determined that using an income-driven plan would actually save him about $10,500 versus refinancing.

Aside from the savings, he’s also going to benefit from lower monthly loan payments (relative to refinancing) which will allow him to save more diligently toward the goals most important to him.

Bottom line – everyone’s situation is totally unique and the optimal solution is usually not a “blanket statement”!