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Beware Losing income driven options when you refinance your student loans!! Here is the warning language when you look at refinancing your student loans: It is important. For some people, it would be a huge mistake to refinance their student loans. Important Information About Your Loan Refinancing private and federal student loans may not be the right decision for everyone. Think carefully before applying for or cosigning a Navi Refi loan to pay off student loans. If you refinance your federal and/or private student loans through the Navi Refi loan program, you will lose certain benefits associated with your original loans, which may include, but are not limited to: Various federal repayment plans including Income-Driven Repayment (IDR), Income-Based Repayment (IBR), Income-Sensitive Repayment (ISR), Income-Contingent Repayment (ICR), Pay As You Earn (PAYE), Revised Pay As You Earn (REPAYE), Graduated Repayment, and Extended Repayment Servicemembers Civil Relief Act (SCRA) - If you refinance or consolidate your loans or cosign a refinance or consolidation loan while serving on active duty in the military, you will lose the ability to qualify for an interest rate reduction under the Servicemembers Civil Relief Act for all federal and private student loans applied for or cosigned prior to the start of your service Various federal deferment and forbearance entitlements, including economic hardship deferment Certain deferment, forbearance, and alternative repayment options f...