Am I eligible to refinance my student loans?

Best Lenders That Consolidate Student Loans

Compare Your Refinancing Options

Lender
Benefits
  • Variable rate range: 2.88% – 7.63%1
  • Fixed rate range: 3.25% – 8.00%1
  • No application or prepayment fees
  • Choose immediate full payments or 2 years of interest only
  • Apply in 3 minutes or less for instant credit decision
  • Show more info »

College Ave Student Loans Refi was created to help graduates refinance existing student loans so they can repay their loans easily while reducing the total cost and/or monthly payment.

  • No application or origination fees
  • Variable interest rates from 2.88% – 7.63% APR1
  • Fixed interest rates from 3.25% – 8.00% APR1
  • Choose how long you take to repay the loan
  • Choose to start paying in full right away or pay just the interest charges each month for the first two years

Eligibility

  • You (and your cosigner, if applicable) must be a U.S. Citizen or permanent resident.
  • Must have graduated from a public or private, not-for-profit, degree granting institution
  • Consolidate and refinance up to $250,0003
  • All loans are subject to individual approval and adherence to underwriting guidelines.

College Ave Full Loan Terms and Information

  • Rates as low as 2.48% APR — borrowers save $24,000 on average1,2
  • Get a no-obligation rate quote in minutes
  • Show more info »

CommonBond Loan Refinancing

CommonBond is on a mission to provide a more transparent, simple, and affordable way to manage higher education expenses. Since its founding, CommonBond has funded over $2B in better student loans. Their approach is no big secret: lower rates, simpler options, and a world class experience—all built to support you throughout your student loan journey. 

Additionally, CommonBond is the only student loan company to offer a true “one-for-one” social promise. For every loan CommonBond funds, they also fund the education of a child in the developing world through its partnership with Pencils of Promise.

Refinance. Reset.

CommonBond Loan Refinancing and Consolidation Full Terms and Information

  • Refinance federal and/or private student loans at lower rates with no fees.
  • Choose a 5, 8, 12, or 15 year term to best fit your needs.
  • Each applicant receives a personal loan advisor to help them through every step in the process.
  • Spouses can refinance their loans together. Parents can refinance their loans too.
  • Show more info »
Established in 1935, PenFed today is one of the country’s strongest and most stable financial institutions with over 1.6 million members and over $24 billion in assets. We serve members in all 50 states and the District of Columbia, as well as in Guam, Puerto Rico, and Okinawa. We are federally insured by NCUA and we are an Equal Housing Lender. We are available to members worldwide, via the web, seven days a week, twenty-four hours a day.

PenFed Student Loan Refinancing Full Terms and Information

  • Consolidate federal and private student loans
  • No origination fee or prepayment penalties
  • Show more info »

The ideal candidate for the LendKey Student Loan Consolidation has:

  • Minimum Loan: $5,000
  • Maximum Loan (undergraduate): $125,000
  • Maximum Loan (graduate): $250,000
  • Maximum Loan (medical, dental, veterinary): $300,000
  • Graduated from a LendKey eligible school
  • Applicants must have reliable gross monthly income of $2,000 per month. If the applicant does not meet this income requirement, their cosigner must have reliable gross monthly income of $2,000 per month.
  • Primary borrower and cosigner, if applicable, must be a U.S. citizen or permanent resident.

Benefits:

  • 2-Minute rate check with no impact on your credit score
  • Choose from fixed and variable rates in 5, 7, 10, 15, and 20 year term options to fit your budget
  • Reduce monthly payments by up to 40% and save an average of over $10,000
  • *275+ not-for-profit and community lenders to choose from mean higher chances for approval and lower rates
  • Available for private and federal, undergraduate and grad school student loans
  • 0.25% Interest Rate Reduction with automatic payments
  • *Interest only repayment option available for up to first four years of repayment
  • *Largest unemployment protection period in the market at 18 months
  • No origination fees or prepayment penalties
  • Cosigner release available after 12 monthly payments
  • No handoffs ever, you stay with LendKey from application to final payment
  • 97% borrower satisfaction shows our best in class customer service

*Only available with LendKey!

Documents required for application:

  • Proof of ID
  • Proof of graduation
  • Proof of income (pay stubs or W-2)
  • Current student loan(s) monthly statement and 30-day payoff statement

LendKey Private Student Loan Consolidation Full Terms and Information

  • Great rates and flexible terms that could lower your monthly payment amount
  • Make just one payment each month so you don't have to worry about multiple payments and due dates
  • Consolidate your federal and private student loans
  • $0 fees required. That means you will not be required to pay any fees, including application, origination or late fees
  •  0.25% interest rate reduction while enrolled in automatic payments
  • Show more info »

With Discover Student Loans, you can consolidate federal and private student loans. You may be able to:

  • Lower your interest rate
  • Lower your monthly student loan payments
  • Simplify with one loan and one monthly payment
  • Obtain a loan without a cosigner

Discover Student Loans offers great rates and flexible terms.

Borrower Benefits

 0.25% interest rate reduction while enrolled in automatic payments.

Interest Rates, Fees, and Terms

  • Choose a variable or fixed interest rate
    • Variable interest rates from 4.49% to 7.49% APR (3-Month LIBOR + 2.12% to 3-Month LIBOR + 5.12%)1
    • Fixed interest rates from 5.74% to 8.49% APR for a 10-year term1
    • Fixed interest rates from 5.99% to 8.49% APR for a 20-year term1
  • $0 fees required. That means you will not be required to pay any fees, including application, origination or late fees
  • Consolidate your federal and private loans
  • Apply in 15 minutes or less from your computer, smartphone or other mobile device
  • No prepayment penalty if you pay your loan off early

Eligibility

To qualify, your must:

  • Be a US citizen or permanent resident with a US-based address.
  • Be 18 years or older at the time your apply.
  • Pass a credit check.
  • Have no more than $150,000 in aggregate student loan debt. Higher limits may apply for specific fields of study.
  • Have verifiable income sufficient to support your debts and show a positive repayment history.
  • Be the primary borrower on the loans you want to consolidate.

Discover® Student Loans Full Terms and Information

  • Refinance and consolidate federal and private student loans
  • Choice of fixed or variable interest rates
  • Show more info »

Don't get stuck with the standard student loan rate. You've worked hard; you deserve better. Learn how SoFi can help you put money back in your pocket:

  • Savings: The average SoFi Borrower saves around $17,2081
  • Rates: Variable rates as low as 2.35% APR and fixed rates as low as 3.37% APR with Autopay2
  • Simplicity: Consolidate all existing student loans (federal and private) into a single loan with one monthly payment
  • No Fees: No origination fees and no prepayment penalties

SoFi Private Student Loan Consolidation Full Terms and Information

  • Competitive fixed and variable rate options
  • Option of immediate or graduated repayment plans
  • Repayment terms of 5, 10, or 15 years
  • Cosigner release available after 24 months of consecutive on-time payments
  • Show more info »

Thrivent Education Refi Loan

Thrivent Student Loan Resources and their lending partner, Thrivent Federal Credit Union, are dedicated to helping college-bound Christians and their families realize their educational dreams, plan for their future, and prepare for life after graduation with a full range of financial services, products and options. A member owned, not for profit organization.

The Thrivent Education Refi Loan Is Best for You If You Want:

  • To combine all of your education loans into one new refinance loan
  • An opportunity to secure a lower interest rate
  • To choose from a variable or fixed rate loan
  • To choose from multiple repayment options

Thrivent Education Refi Loan Terms:

  • Fixed rates as low as 3.74% (with auto-debit) with APR of 3.74%1
  • Variable rates as low as 4.25% (with auto-debit) with APR of 4.25%2
  • 0.25% interest rate reduction with automatic payments via ACH
  • Repayment terms of 5, 10 or 15 years3
  • Max borrow amount - $120,000.00
  • Repayment options:
    • Graduated
    • Immediate repayment

Qualifications:

  • Must be at least 18 years or older to apply
  • Must be a U.S. Citizen or permanent resident
  • Must have graduated from an eligible school
  • Must be able to show proof of income and residency
  • Must be a member of Thrivent Federal Credit Union prior to loan disbursement. If a borrower is not already a member, they will be asked to apply for membership during loan application process

Product Specifications:

  • Minimum loan amount for the refi program is: $10,000
  • Max loan amount for REFI: $120,000
  • Minimum qualifying credit score for eligible borrower is 660; but will require an eligible cosigner. (Other standards of creditworthiness, and debt-to-income apply, but that is the minimum qualifying score.)

Thrivent Education Refinance Loan Terms and Conditions

  • Fixed-rate loans starting at 3.25% APR (with auto-debit)1
  • No obligation rate quote in less than a minute with no impact to credit score
  • No origination, prepayment or late fees
  • Standard and graduated repayment plans (subject to approval)
  • Show more info »

Reset Refinance Loan from Iowa Student Loan

The Reset Refinance Loan was designed by student loan experts with decades of experience to help borrowers (both students and parents) looking to simplify repayment of and obtain a lower fixed interest rate on their student loans.

The Reset Refinance Loan, which is offered nationwide by Iowa Student Loan, a Midwest nonprofit organization, only features fixed rates at this time because it is our belief that most borrowers should be extremely cautious of variable-rate loans in the current financial environment where rates are on the rise.

Looking to lower your overall student loan costs or make repayment more manageable? The Reset Loan offers competitive fixed rates with multiple repayment options.

Features

The Reset Loan is:

  • A fixed-rate loan with rates starting at 3.25% APR (with auto-debit)1
  • Transparent. Full eligibility and underwriting criteria is provided upfront before you apply.
  • Borrower friendly. Repayment benefits and policies were created to benefit borrowers and their families.
  • Comprehensive. You have the ability to refinance private and federal education loans into one new loan.

Iowa Student Loan Terms and Information

 

**Not all lenders that may offer private loan refinancing are listed above and you may be able to obtain a private refinance loan from another lender. Edvisors cannot guarantee loan eligibility for site users. Please check with your lender directly for information related to your personal eligibility.

*** Illinois residents, please click on this link.

Am I eligible to refinance my student loans?