Is it profitable to refinance the student loans you have? Well, I can not give you the definite answer, as it depends form the loan the student has. If it is really a bad one, yes, it is very profitable to refinance your loan, if it is not bad enough, there is no any sense in refinancing your educational loan.
If you loan is really bad, you will receive a debt relief. The sum of money you have to cover within your educational loans will be greatly reduced and a scheme of paying back money is going to be rather convenient for you.
If your loan is not bad, you will just spend your money for nothing.
However, not all the companies are going to inform whether your educational loan is bad or not and whether it needs to be refinanced, that is why I recommend to apply to your college loan office and to have a consultation there.
After you have received an answer, I recommend you to appeal to the internet. There you are going to find many institutions which are running the service of the loans refinancing, however, if you spend some time for your search, you are even able to find such sites which are eager to help you and to make the loan refinancing free of charge.