BLOG  •

Will Refinancing Student Loans Hurt My Credit Score?

Picture of Ben Luthi
will-refinancing-student-loans-hurt-my-credit
will-refinancing-student-loans-hurt-my-credit

Before You Read, Lower Your Student Loan Payment

It’s that quick & easy — really. Our free tool checks a network of top refinance lenders and shows you options in one easy chart.
Checking rates takes 2 minutes with no impact on your credit
Federal & private loans are eligible
No maximum loan amount

Before You Read, Lower Your Student Payment

It’s that quick & easy — really. Our free tool checks a network of top refinance lenders and shows you options in one easy chart.

Checking rates takes 2 minutes with no impact on your credit
Federal & private loans are eligible
No maximum loan amount

Refinancing your student loans can have a positive impact on your financial situation, opening up opportunities for lower interest rates and monthly payments, as well as more flexibility with your monthly payments.

But you may be wondering, will refinancing student loans hurt my credit? Not necessarily, and in many cases, it can help as long as you pay your bills on time. However, it’s important to understand just how the student loan refinancing process works and how your credit score comes into play.

What is a hard credit check vs. soft credit check?

When a lender runs a credit check on you, it can be in the form of a hard inquiry or a soft inquiry.

With a soft inquiry, the lender is getting a basic read on your credit history, but there won’t be an impact on your credit score, positive or negative. Soft inquiries typically occur when you go through the prequalification process to compare rate quotes from one or more lenders.

A hard credit check is a deeper look into someone’s credit history, and it may affect the person’s credit score. According to FICO, each additional hard inquiry generally knocks fewer than five points off your credit score. But while inquiries remain on your credit reports for 24 months, they stop impacting your FICO score after 12 months.

Also, if you submit an official application with multiple student loan refinance companies within a short period, typically 14 days, they’ll all be combined into one inquiry for purposes of calculating your credit score.

A lender can’t perform a hard inquiry on your credit reports unless you give them permission by submitting your application. So you don’t have to worry about anything happening to your credit score until you make that decision.

During a hard inquiry, which happens when you apply for virtually any credit account, one or more of your credit reports is pulled, and details are provided to lenders to determine whether or not they want to lend to you and what interest rate to charge you if they do decide to make a loan.

Why is it important to have a strong credit history and credit score?

A strong credit history and score are crucial for many things in life, especially when trying to get student loan refinancing. When it comes to refinancing your student loans, the better your credit score and credit history are, the higher the interest rate you may qualify for. This can impact how much money you end up saving over time and on a monthly basis.

How does your credit history impact your student loan refinancing application?

To start, if you have a low credit score or poor credit history, it could indicate that you’ve had struggles with managing your finances. Many lenders see people who have poor or limited credit histories as higher-risk borrowers. Therefore, student loan refinancing companies may be unwilling to offer their services to you due to the possibility of being unable to repay the student loans in question.

For the most part, student loan refinance companies require a credit score in the mid-600s, but the best interest rates are reserved for borrowers with scores in the high 700s.

Note that your income is also important in determining your student loan refinance eligibility. In particular, lenders will calculate your debt-to-income ratio, which is a measure of your total debt payments in comparison to your total income.

Depending on the student loan refinance company, a maximum student loan-to-income ratio of 50%, or no more than half of your income going towards student loans, is standard.

If you can’t get approved for student loan refinancing on your own, or if your interest rate is too high, you could improve your chances of getting a low interest rate by applying with a cosigner.

A cosigner is someone who agrees to take on the student loan debt in the event that you cannot repay it.

When you apply for student loan refinancing with a cosigner, you will need to find someone who has good credit and is willing to put their good credit in your hands.

Keep in mind, though, that your loan will show up on your cosigner’s credit report, which could impact their ability to get approved for credit. Also, if you miss a payment, it could damage their credit score along with yours.

The 2 Best Companies to Refinance Student Loans

Our Top-Rated Picks for 2024 Offer Low Rates and No Fees

efli-lender
No Maximum Loan Amount

Fixed Rate

5.48% – 8.94% APR 4

Variable Rate

5.28% – 8.99% APR 4
earnest-logo
Precision Pricing — Pick Your Monthly Payment

Fixed Rate

5.19% – 9.74% APR 2

Variable Rate

5.72% – 9.74% APR 2

Does comparing student loan refinance rates hurt my credit?

Part of the process of refinancing your student loans is to shop around and compare rate quotes from multiple lenders. This step is key to helping you ensure that you get the lowest interest rate available for your credit profile and income level.

The good news is that this part of the process involves just a soft credit inquiry, which gives lenders enough information to give you a rate quote but doesn’t hurt your credit. In other words, there’s no commitment necessary just to check your rates.

Keep in mind, though, that the rate you see when you go through the prequalification process isn’t necessarily the rate you’re going to get when you submit a full application. The hard inquiry that lenders run at that point will give them a fuller picture of your credit health, and your offered rate may change depending on what the lender finds.

Does applying for a student loan refinance hurt my credit?

For the most part, the only way applying for a student loan refinance loan can impact your credit is via a hard inquiry. But again, an additional hard inquiry won’t impact your credit score by much, and its effect is only temporary.

The only time an additional hard inquiry might have a bigger negative impact on your credit score is if you’ve applied for a lot of different credit accounts recently, such as credit cards.

If you apply for too many new accounts in a short period, the inquiries can have a compounding effect. But as long as your applications are for rate-shopping only and you complete that process in a short period, you shouldn’t need to worry too much.

In some cases, refinancing student loans could impact your credit if it increases the amount of debt that you owe. In most cases, this won’t change because you’re simply replacing your existing debt with a new loan for the same amount.

But if you’re refinancing debt that your parents took out to help you get through school and now you’re changing it into your name, it could reduce your credit score if the new debt loan is high.

The most important thing to keep in mind as you refinance your student loans is to make all of your payments on time, including during the refinancing process. Until you’ve received confirmation that the new lender has completed the refinance, continue making monthly payments on your original loans. If you end up overpaying, you should get a refund check.

You’ll also want to continue to pay your student loans on time every month after refinancing to build a positive payment history, which can improve your credit score. If you miss a payment, get caught up within 30 days to avoid having it damage your credit score.

If you have a cosigner on your loan, paying on time can also help you eventually release the cosigner from the loan. Just note that not all lenders offer cosigner release, and the payment requirements can vary from lender to lender.

What other student loan refinance eligibility requirements are there?

In addition to meeting minimum credit score requirements — or having a cosigner who does — there may be other eligibility criteria that you have to meet to not only get approved for student loan refinancing but also to qualify for a low interest rate.

Here’s the thing, though: eligibility requirements can vary from lender to lender. So it’s a good idea to check for those criteria before you submit your application. But to give you an idea of what to expect, here are some common requirements you may need to meet:

  • Citizenship: Many lenders require you to be a U.S. citizen or a permanent resident. Others may also allow you to apply if you hold an eligible visa or if you have a cosigner who meets the citizenship requirements.
  • Income: Minimum income requirements may be as low as $24,000, but remember, just because you meet the minimum requirements, it doesn’t mean you’re going to get a low enough interest rate to make refinancing worth it. The good news is that if you have a low income, you can usually get approved if your cosigner has a high enough income. Your debt-to-income ratio will also come into play. If your debt payments are too high relative to your monthly gross income, you may get a higher interest rate or not qualify at all.
  • Degree status: In many cases, student loan refinance lenders will require that you have graduated from an eligible degree or certificate program in order to qualify for refinancing. Depending on the lender, it may require a bachelor’s degree or an associate degree.
  • Loan amount: Refinance lenders typically have a minimum amount that you can refinance. If you have less than $5,000 (or sometimes more) in student loan debt, you may not be able to find a lender that’s willing to refinance your loans.
  • Payment status: In some cases, you may have a hard time refinancing your student loans if they’re in default status, primarily because it signifies that you’re having trouble keeping up with your loan payments. Even with a cosigner, it could be a tough sell with some lenders.

Many student loan refinance lenders provide at least a few eligibility requirements on their websites. If you’re not sure, though, you can contact the lender directly or go through the prequalification process to see whether you have good odds of getting approved and what your interest rate might look like.

Free eBook: How to Conquer Student Loans

Free eBook: How to Conquer Student Loans

Are there easy ways to improve my credit score?

There are several ways you can improve your credit score, but some take longer than others. The first thing you need to do is to check your credit score and review your credit report. Experian offers free access to your FICO score and Experian credit report, so you can use that as a jumping-off point.

Once you’ve reviewed your credit score and report, you’ll have a better idea of which areas to address. In general, though, here are some key steps you can take.

Always pay on time

Your payment history is the most important factor in your credit score.  It makes up 35% of the overall score. Your payment history is critical because it shows lenders how reliable you are as a borrower. In summary, the better your payment history is, the more likely you will be to repay your student loan debt.

Paying your bills on time every month is crucial to maintaining a good credit score. Also, if you have past-due payments, make sure to get caught up as quickly as possible. While it won’t erase your past delinquency, it can help keep the damage from getting worse.

Pay down credit card balances

How much you owe, especially your credit utilization rate, is another important factor in your credit score. Your credit utilization rate is calculated by taking the total amount of credit you use and dividing it by your total credit limit. For example, if you have a $10,000 limit on your credit card balance and you spend $1,000 on it, your utilization rate is 10%.

The lower your utilization rate, the better it is for your credit score. As you pay down your credit card balances, your utilization rate will gradually decrease, which can be a plus for your credit score.

Also, the good news is that credit utilization is calculated monthly. So you don’t have to wait too long to start getting credit for your debt payoff.

Ask for a higher credit limit

While paying down credit card debt can have a big positive impact on your credit score, it may not be feasible if you don’t have a lot of room in your budget for extra payments.

In that case, work on the other half of the equation: your available credit. If you can manage to get a credit limit increase or a new credit card, that additional available credit will drive down your utilization rate, which can help increase your credit score.

Of course, a credit limit increase request or new card application typically results in a hard credit inquiry, so if you’ve opened a lot of new credit accounts lately, it might be wise to wait.

Dispute inaccurate credit report information

Credit report inaccuracies are rare, but they do exist. Make sure you review your credit reports and dispute any false or unfair information.

You can dispute credit report errors directly with the credit bureaus and lenders who provided the information. The process typically takes 30 days, and it’s important to provide any documentation you have to show that the information is wrong or unfair.

You may also find inaccurate credit report information that can be attributable to fraud. Identity thieves can open new accounts in your name, which can lead to fraudulent information being reported on your credit report. Reporting the fraud and freezing your credit reports can help alleviate the damage and protect you from future fraud.

Become an authorized user on a loved one’s credit card

An authorized user is someone who has access to use a credit card account to make payments, but they’re not legally responsible for the debt that accumulates on the account. It’s common for spouses to have each other as authorized users on their credit cards to make it easier to share the accounts. Also, parents may add teenage children to their accounts, so they have a card to use for emergencies.

As an authorized user, the history of the account gets added to your credit report. And while it may not help boost your credit score as much as if you were the primary cardholder, it can still have a big positive impact.

Just be sure to avoid getting added to an account with a negative payment history or a low credit limit. Missed payments and a high utilization rate on the card could damage your credit score along with the primary cardholder’s.

Get credit for utility payments and streaming subscriptions

Historically, non-debt recurring charges haven’t gotten the same treatment as debt payments, which means your utility and phone payments typically don’t show up on your credit report.

However, Experian Boost allows you to add those positive payment histories to your Experian credit file. Simply connect your financial accounts, and the tool will identify eligible utility, phone and streaming payments that are eligible for the program.

You’ll then have the opportunity to choose which ones you want to add to your Experian credit report. If the new information increases your credit score, you’ll know immediately. And if a lender pulls your Experian credit report to calculate your FICO score, that information will be included in the calculation.

I have good credit: Should I refinance student loans?

If your credit is in a good place, you could benefit from refinancing your student loans. However, it’s important to understand both the pros and cons of refinancing student debt before you pull the trigger.

For example, refinancing could help you secure a lower interest rate on your debt, which could reduce your monthly payments and your overall interest charges. It can also give you more flexibility with your monthly payments, as repayment terms can range from five to 20 years with most lenders.

That said, if you have federal student loans, refinancing them with a private lender would cause you to lose access to federal loan benefits. This means you wouldn’t be able to get student loan forgiveness, you wouldn’t be able to request an income-driven repayment plan and you might miss out on certain student loan repayment assistance programs offered by federal and state government agencies.

But if you don’t anticipate needing access to any of those features that federal benefits offer, consider refinancing as a valid option for reaching your student loan repayment goals.

See How Much You Can Save

View Details

Collapse

Student loan refinancing combines your current loans into a single loan with a new rate and term. See how much you can save by entering your loan information below, or by getting quotes from multiple lenders using Purefy’s rate comparison tool.

Step 1: Enter Current Loan Information

Loan Balance
Your remaining student loan debt to be repaid.
Interest Rate
The amount that the lender charges in interest, expressed as a percentage.
Current Monthly Payment
The total amount of your monthly student loan bill.
Add Multiple Loans to Calculate

Step 2: Enter New Loan Information

New Interest Rate
Your updated interest rate after refinancing student loans.
Term
The length of time you have to repay your student loan debt in full.

Add Multiple Loans

Insert additional loan

Step 3: See How Much You Can Save

$15,310

Lifetime Interest
Savings

$1,018

New Monthly
Payment

$128

Monthly
Savings

Current Loan New Loan Savings
Rate 6.7% 4.2% 2.5%
Lifetime Interest $37,520 $22,210 $15,310
Monthly Payment $1,146 $1,018 $128

Like what you see? Check your actual prequalified rates from the industry’s top lenders in just 2 minutes or less.

How to compare your best student loan refinance rates

One of the best ways to make sure you get a low interest rate is to shop around and compare rate quotes from multiple lenders. Unfortunately, that process can take a lot of time if you go through prequalification with each lender individually.

With Purefy’s rate comparison tool, you can go through this process with multiple lenders all at once, and you only have to enter your personal information one time.

Once you can compare loan offers side by side, it’s important to make sure that you’re comparing the same types of interest rates. While many lenders offer lower variable rates, those rates can increase over time as market conditions change. And since we’ve seen record-low student loan refinance rates in 2021, the likelihood that rates are going to go up in the future is high.

In other words, make sure you’re comparing fixed interest rates unless you have a good reason to go variable.

The bottom line

Will refinancing student loans hurt my credit? Generally, no. While the hard inquiry when you submit an application can ding your credit score a bit, the impact is usually minor and temporary. And if you can stand to save hundreds or even thousands of dollars on interest through refinancing, that small dip is well worth the trouble.

As you go through the process, though, it’s important to practice good credit habits before and after you refinance. And if your credit score isn’t where it needs to be to get the best interest rates available, take some time to work on building your credit before you apply, unless you have a creditworthy cosigner who can apply with you.

The important thing is that you look for opportunities to make your student loan payments more effective and consider ways you can save money along the way. Also, try Purefy’s college loan refinance calculator and see how much money you can save.

You Might Also Like
Purefy - Compare Private Student Loan Consolidation & Refinance Options Quickly & Easily

Recommends

Student Loan Refinance

Today’s Rates Starting From 4.49% APR1

Take the guesswork out of shopping for a student loan refinance. Compare real prequalified offers from multiple top rated lenders in 2 minutes with no impact on your credit score.
Purefy - Compare Private Student Loan Consolidation & Refinance Options Quickly & Easily
efli-lender
Purefy - Compare Private Student Loan Consolidation & Refinance Options Quickly & Easily
Purefy - Compare Private Student Loan Consolidation & Refinance Options Quickly & Easily
Purefy - Compare Private Student Loan Consolidation & Refinance Options Quickly & Easily
Purefy - Compare Private Student Loan Consolidation & Refinance Options Quickly & Easily
college ave student loans
Purefy - Compare Private Student Loan Consolidation & Refinance Options Quickly & Easily
ascent student loans

Before you go, let’s make sure is offering you the best rate.

It takes two minutes and has no impact on your credit score.

1

Answer a few questions with our easy & secure form.

2

Purefy checks for your prequalified rates from top lenders.

3

Pick your best rate and finish the application online in minutes.

Ascent Rate Disclosure

Ascent’s undergraduate and graduate student loans are funded by Bank of Lake Mills or DR Bank, Member FDIC. Loan products may not be available in certain jurisdictions. Certain restrictions, limitations; and terms and conditions may apply. For Ascent Terms and Conditions please visit: www.AscentStudentLoans.com/Ts&Cs.

Rates are effective as of 12/1/2023 and reflect an automatic payment discount of either 0.25% (for credit-based loans) OR 1.00% (for undergraduate outcomes-based loans). Automatic Payment Discount is available if the borrower is enrolled in automatic payments from their personal checking account and the amount is successfully withdrawn from the authorized back account each month. For Ascent rates and repayment examples please visit: www.AscentStudentLoans.com/Rates.

1% Cash Back Graduation Reward subject to terms and conditions. Click here for details.

SoFi Rate Disclosure

3 SoFi Rate Disclosure:

Fixed rates range from 4.49% APR to 8.99% APR with a 0.25% autopay discount. Variable rates from 5.09% APR to 8.99% APR with a 0.25% autopay discount. Unless required to be lower to comply with applicable law, Variable Interest rates on 5-, 7-, and 10-year terms are capped at 8.95% APR; 15- and 20-year terms are capped at 9.95% APR. Your actual rate will be within the range of rates listed above and will depend on the term you select, evaluation of your creditworthiness, income, presence of a co-signer and a variety of other factors. Lowest rates reserved for the most creditworthy borrowers. For the SoFi variable-rate product, the variable interest rate for a given month is derived by adding a margin to the 30-day average SOFR index, published two business days preceding such calendar month, rounded up to the nearest one hundredth of one percent (0.01% or 0.0001). APRs for variable-rate loans may increase after origination if the SOFR index increases. The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. This benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. The benefit lowers your interest rate but does not change the amount of your monthly payment. This benefit is suspended during periods of deferment and forbearance. Autopay is not required to receive a loan from SoFi.

ISL Rate Disclosure

Earnest Rate Disclosure

2 Earnest Rate Disclosure:


Actual rate and available repayment terms will vary based on your income. Fixed rates range from 5.44% APR to 9.99% APR (excludes 0.25% Auto Pay discount). Variable rates range from 5.97% APR to 9.99% APR (excludes 0.25% Auto Pay discount). Earnest variable interest rate student loan refinance loans are based on a publicly available index, the 30-day Average Secured Overnight Financing Rate (SOFR) published by the Federal Reserve Bank of New York. The variable rate is based on the rate published on the 25th day, or the next business day, of the preceding calendar month, rounded to the nearest hundredth of a percent. The rate will not increase more than once per month. The maximum rate for your loan is 8.95% if your loan term is 10 years or less. For loan terms of more than 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95%. Please note, we are not able to offer variable rate loans in AK, IL, MN, NH, OH, TN, and TX. Our lowest rates are only available for our most credit qualified borrowers and contain our .25% auto pay discount from a checking or savings account.

Advertiser Disclosure:

THIS IS AN ADVERTISEMENT. YOU ARE NOT REQUIRED TO MAKE ANY PAYMENT OR TAKE ANY OTHER ACTION IN RESPONSE TO THIS OFFER.

Earnest Rate Disclosure

Rates displayed include the 0.25% Auto Pay discount. You can take advantage of the Auto Pay interest rate reduction by setting up and maintaining active and automatic ACH withdrawal of your loan payment from a checking or savings account. The interest rate reduction for Auto Pay will be available only while your loan is enrolled in Auto Pay. Interest rate incentives for utilizing Auto Pay may not be combined with certain private student loan repayment programs that also offer an interest rate reduction. For multi-party loans, only one party may enroll in Auto Pay. It is important to note that the 0.25% Auto Pay discount is not available while loan payments are deferred.

Actual rate and available repayment terms will vary based on your income. Fixed rates range from 4.67% APR to 16.15% APR (excludes 0.25% Auto Pay discount). Variable rates range from 5.64% APR to 16.45% APR (excludes 0.25% Auto Pay discount). Earnest variable interest rate student loan origination loans are based on a publicly available index, the 30-day Average Secured Overnight Financing Rate (SOFR) published by the Federal Reserve Bank of New York. The variable rate is based on the rate published on the 25th day, or the next business day, of the preceding calendar month, rounded to the nearest hundredth of a percent. The rate will not increase more than once per month. Although the rate will vary after you are approved, it will never exceed 36% (the maximum allowable for this loan). Please note, Earnest Private Student Loans are not available in Nevada. Our lowest rates are only available for our most credit qualified borrowers and contain our .25% auto pay discount from a checking or savings account. It is important to note that the 0.25% Auto Pay discount is not available while loan payments are deferred.

Nine-month grace period is not available for borrowers who choose our Principal and Interest Repayment plan while in school.

Earnest clients may skip one payment every 12 months. Your first request to skip a payment can be made once you’ve made at least 6 months of consecutive on-time payments, and your loan is in good standing. The interest accrued during the skipped month will result in an increase in your remaining minimum payment. The final payoff date on your loan will be extended by the length of the skipped payment periods. Please be aware that a skipped payment does count toward the forbearance limits. Please note that skipping a payment is not guaranteed and is at Earnest’s discretion. Your monthly payment and total loan cost may increase as a result of postponing your payment and extending your term.

Loan Eligibility criteria: Eligible students must: 1) For college Freshmen, Sophomores and Juniors, attend, or be enrolled to attend, a Title IV school full-time. For college Seniors and Graduate students, attend, or be enrolled to attend, a Title IV school at least half-time; and 2) be pursuing a Bachelor’s or Graduate degree. Earnest private student loans are subject to credit qualification, completion of a loan application, verification of application information, self-certification of loan amount, and school certification.

Responsible borrowing tip: Explore all scholarship, grant and federal options before applying for a private loan.

Earnest Private Student Loans are made by One American Bank, Member FDIC. One American Bank, 515 S. Minnesota Ave, Sioux Falls, SD 57104.

Earnest loans are serviced by Earnest Operations LLC, 535 Mission St., Suite 1663 San Francisco, CA 94105, NMLS #1204917, with support From Navient Solutions, LLC (NMLS #212430). One American Bank and Earnest LLC and its subsidiaries, including Earnest Operations LLC, are not sponsored by agencies of the United States of America.

Advertiser Disclosure:

THIS IS AN ADVERTISEMENT. YOU ARE NOT REQUIRED TO MAKE ANY PAYMENT OR TAKE ANY OTHER ACTION IN RESPONSE TO THIS OFFER.

ELFI Rate Disclosure

4 ELFI Rate Disclosure:

Education Loan Finance is a nationwide student loan debt consolidation and refinance program offered by Tennessee based SouthEast Bank. ELFI is designed to assist borrowers through consolidating and refinancing loans into one single loan that effectively lowers your cost of education debt and/or makes repayment very simple. Subject to credit approval. See Terms & Conditions. Interest rates current as of 10/13/2023. The interest rate and monthly payment for a variable rate loan may increase after closing, but will never exceed 9.95% APR. Interest rates may be different from the rates shown above and will be based on the term of your loan, your financial history, and other factors, including your cosigner’s (if any) financial history. For example, a 10-year loan with a fixed rate of 6% would have 120 payments of $11.00 per $1,000 borrowed. Rates are subject to change.

ELFI Rate Disclosure

Education Loan Finance is a nationwide student loan provider offered by Tennessee based SouthEast Bank. ELFI is designed to assist students financially with receiving their education. Subject to credit approval. See Terms & Conditions. Interest rates current as of 12/11/2023. Variable interest rates may increase after closing but will never exceed 18.00%. Interest rates may also differ from the rates shown above. The term of your loan, financial history, and other factors, including your cosigner’s (if any) financial history can affect the interest rate. For example, a 10-year loan with a fixed rate of 7% would have 120 payments of $11.61 per $1,000 borrowed. Rates are subject to change.

College Ave Rate Disclosure

College Ave Student Loans products are made available through Firstrust Bank, member FDIC, First Citizens Community Bank, member FDIC, or M.Y. Safra Bank, FSB, member FDIC.. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.
Rates shown include autopay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. If a payment is returned, you will lose this benefit. Variable rates may increase after consummation.
Minimum loan amount $1,000, as certified by your school and less any other financial aid you might receive.
This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 8.35% fixed Annual Percentage Rate (“APR”): 120 monthly payments of $179.18 while in the repayment period, for a total amount of payments of $21,501.54. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.
Information advertised valid as of 1/1/2024. Variable interest rates may increase after consummation. Approved interest rate will depend on the creditworthiness of the applicant(s), lowest advertised rates only available to the most creditworthy applicants and require selection of full principal and interest payments with the shortest available loan term.

Compare Student Loan Refinance Rates From Top-Rated Lenders

  • This field is hidden when viewing the form
  • This field is hidden when viewing the form
No impact on credit — get results in 2 minutes.
the best rates

Want To Find Out When Student Loan Refinance Rates Drop?

Join our email list to get instantly notified when rates change.

I am a(Required)