There are several types of student loans that are eligible for refinancing, including loans for undergraduate, graduate, and professional studies. These loan types include: Federal student loans are offered by the U.S. Department of Education and have their interest rates set by Congress. They also provide benefits and protections that don’t come with private loans, such as access to federal deferment and forbearance, income-driven repayment plans, and student loan forgiveness programs. Private student loans are offered by private lenders, including traditional banks and credit unions as well as online lenders. The interest rates on these loans vary by lender and are determined by market conditions. While private loans don’t offer federal protections, they do offer benefits like potentially higher loan amounts and the ability to apply at any time with no deadline to worry about. Medical school loans are available to help students pay for medical school. You might be able to get a general student loan for this purpose or a specialized medical school loan from a private lender. Some lenders also allow students to defer payments until after residency. MBA loans can be used to cover your expenses while attending business school. While you can use a general student loan for this, there are also private lenders that offer specialized MBA student loans. Law school loans can be used to pay for a law degree. You can take out general student loans for this or apply for a specialized law school loan from a private lender. There are also lenders that offer bar study loans to help you cover your expenses while studying for the bar exam. Keep in mind that while you can refinance both federal and private student loans, refinancing federal student loans will cost you federal benefits and protections — such as access to income-driven repayment plans and student loan forgiveness programs. You’ll also no longer be eligible for the payment and interest suspension under the CARES Act.