While most people don't expect that these applications often see the light of day, the truth is that they do. You cannot rely on the broker or anyone else who tells you not to worry about what the application states. In many situations, including divorce court, that application can end up costing you plenty.
As an employee of a bank offering a national student loan refinance and consolidation program, I often speak with recent graduates looking for guidance on questions regarding their student loans. So, for those of you who still don't fully understand how student loan refinancing works, let me help you out.