<prompt> Human: Currently have loans through Sallie Mae. One is private, the other is federal, so it can be eligible for certain deferments. Unfortunately, Im not currently eligible for those deferments and payments are due in a few days. No idea how that snuck up on me, but Im in a slight panic, so I was looking for a second opinion before I did anything more stupid. Pre-posting edit: I just looked through the wiki and I hadnt thought of capitalized interest. I do have some savings, but I was trying to avoid touching that.  <response>: What, specifically, are you looking to accomplish through refinancing? Whether refinancing is worth it typically has more to do with the interest rate on your current loans vs. the interest rate you could get by refinancing, but it sounds like you are actually more concerned about simply entering repayment, which I dont think is anything that will change by refinancing. 