Most people should refinance. If your interest rate on your loans is higher than the rate you can refinance at, then you should probably refinance. If you have student loans from the last 10 years, your interest rate is probably 6.8%. Most people can refinance at 3-4% interest rates. you can save thousands of dollars by refinancing.
What about loan forgiveness?
Some people who work in public service for 10 years can qualify for this. If you qualify, you should take this into acount.
What about IBR/PAYE?
If you use these programs, you may qualify to loan forgiveness after 20 years or more. Do you want to have student loans for 20 years? Most people can save thousands of dollars by refinancing and paying off their loans in 5-10 years or less.
Student Loan Refinancing 