Comments on: First Republic Student Loan Refinance Review https://studentloansherpa.com/first-republic-review/ Expert Guidance From Personal Experience Wed, 08 Nov 2023 15:25:46 +0000 hourly 1 https://wordpress.org/?v=6.7.1 By: The Student Loan Sherpa https://studentloansherpa.com/first-republic-review/comment-page-1/#comment-1370 Fri, 09 Feb 2018 15:29:00 +0000 https://store.eptu0ncx-liquidwebsites.com/?p=5209#comment-1370 In reply to Craig.

The First Republic Refinance Product is not actually a student loan, hence no student loan interest deduction at tax time.

As for why first republic would want to structure its loan in this manner, I can only speculate. Usually lenders want the debt to be classified as student loans because the lender protections are so strong for student debt. There must be a provision that First Republic wants in place that disqualifies it from being considered student debt. It might be the personal liquidity requirement, but I don’t know the applicable banking regulations to give you anything more than a guess.

]]> By: Craig https://studentloansherpa.com/first-republic-review/comment-page-1/#comment-1369 Fri, 09 Feb 2018 03:38:00 +0000 https://store.eptu0ncx-liquidwebsites.com/?p=5209#comment-1369 Do you know why this loan is different than other options (I use LendKey right now) in terms of deducting student loan interest?

]]> By: The Student Loan Sherpa https://studentloansherpa.com/first-republic-review/comment-page-1/#comment-1368 Mon, 29 Jan 2018 19:05:00 +0000 https://store.eptu0ncx-liquidwebsites.com/?p=5209#comment-1368 In reply to Jeff Ingram.

You are right Jeff. Thanks for catching that and taking the time to point it out!

]]> By: Jeff Ingram https://studentloansherpa.com/first-republic-review/comment-page-1/#comment-1367 Mon, 29 Jan 2018 04:05:00 +0000 https://store.eptu0ncx-liquidwebsites.com/?p=5209#comment-1367 Due* not “do” in your last paragraph

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