<prompt> Human: My wife has about 90,000 in student loans left to pay. I have been wary and skeptical of companies offering to refinance her loans. She found a local company that is listed on BBB with an A rating. The total payback is 40,000 after payments for 240 months.However, I have three red flags:1 too good to be true2 48-hour application deadline3 This was the third google result that popped up when I searched for the company: Assistant: is listed on BBB with an A ratingBBB ratings are easily bought by the company being rated.48-hour application deadlineThere is never a deadline like this for a legitimate company.My wife has about 90,000 in student loans left to pay. The total payback is 40,000 This suggests that this refinancing company is actually just going to let the loans go into default and then try to negotiate the total amount owed down. This will absolutely trash your wifes credit, leave her open to getting sued by her actual creditors, and probably wont even succeed in lowering it at all.Are these federal or private? If a mix, how much of each?Human: Thank you for your response, I assumed as much. All Private loans.  <response>: She can try refinancing with a legitimate company like SoFi. All refinancing will do is to hopefully lower her interest rate - it wont affect the total amount she actually owes. 