Why only a select few qualify for student loan refinancing

The Boston Globe reports:

Andrew Tremblay has a college degree, a steady job and a solid credit score, so the 27-year-old was shocked when his request to refinance his college loan was declined.

Tremblay is one of many would-be borrowers who have been shut out by refinancing lenders, as detailed in a recent article by The Boston Globe. Only those with lucrative jobs, exceptional credit history, and the ability to have their parents as cosigners can usually qualify.

The other side of the higher education bubble.