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You’re probably grateful that student loans helped fund your education—but now you’d be even more grateful if that debt would loosen its grip on your finances.

One way to instantly change your financial outlook in terms of student loans is to refinance. In fact, many people reduce their monthly payments by over $200 a month, and save close to $20,000 over the life of their loans.

You know most good things don’t last forever.  Right now, interest rates on mortgages still average below 4% on a 30-year fixed mortgage. Who knows how long will those historic lows last?

Maybe you’re debating whether to buy that dream home while the getting is good. But ... there is the matter of your student loans. Is it smarter to pay them off before taking on homeownership?

Shared mailing address, check. Shared bank account, check. Shared student loan payments…..uncheck.

If you're married and still paying down student loan debt, you might be wondering whether it’s possible for you and your spouse to consolidate your student loans together into one monthly payment.

Sometimes people get ideas in their heads that are based on assumptions rather than facts. But when it comes to your finances, believing myths can cost you.

Take student loan refinancing, for example. Some people don’t even apply because they think they aren’t eligible. Continuing to make high monthly payments when you don't need to is like banging your head against the wall ... but you’ll feel the most pain in your pocket.

Choosing the best interest rate when refinancing your student loan can be tricky.

Variable rates are often lower. But are they a good deal? Is it better to go with a fixed interest rate for long-term predictability?

Why does it matter so much?

Refinancing and consolidation are two ways to make student loans more manageable.

Refinancing is a strategy that can help you save money, while consolidation can simplify your student loans and result in other potential benefits.

Your best option depends on your goals, financial circumstances and current student loan debt.