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Student Loan Refinancing Rate Comparison Disclaimers:

  1. Monthly payment is estimated based on the information you entered on this page and the previous page.
  2. Life of loan savings and loss is estimated based on the information you entered on this page and the previous page. If the amount shown is negative (red) then the total interest payments over the life of the loan will increase.
  3. PenFed Graduate/Undergraduate Rate Disclosure:

    Fixed Rate Loan Terms: 5 years/60 monthly payments, 8 years/96 monthly payments, 12 years/144 monthly payments or 15 years/180 monthly payments. Annual Percentage Rate [APR] is the cost of credit calculating the interest rate, loan amount, repayment term and the timing of payments. Fixed rates range from 3.23% to 5.53% APR [low to high range]. Variable rates range from 2.58% to 4.98% APR [low to high range]. Rates are subject to change without notice. Fixed APR: Fixed rates will not change during the term. This rate is expressed as an APR. Since there are no fees associated with this loan offer, the APR is the same percentage as the actual interest rate of the loan. Variable APR: Variable rates are based on the one-month London Interbank Offered Rate (“LIBOR”) published in The Wall Street Journal on the twenty-fifth day, or the next business day, of the preceding calendar month. As of August 1, 2020, the one-month LIBOR rate is 0.17%. Variable interest rates range from 2.58% – 4.98% (2.58% – 4.98% APR) and will fluctuate over the term of the borrower’s loan with changes in the LIBOR rate, and will vary based on applicable terms, level of degree earned and presence of a co-signer. The maximum variable rate on the student refinance loan is 9.00% for 5-year and 8-year terms, and 10.00% for 12-year and 15-year terms. The floor rate is 2.00%. These rates are subject to additional terms and conditions, and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change. All estimates are based on information provided by you and are for informational purposes only, accuracy is not guaranteed and may not reflect actual rates or savings and do not constitute an offer of credit. Your actual rate, payment and savings may be different based on credit history, actual interest rate, loan amount, and term, including your cosigner [if applicable]. If applying with a cosigner, we use the higher credit score between the borrower and the cosigner for approval purposes. All loans are subject to credit approval.

  4. INvestEd Refinance Loan Rate Disclosure:

    Loan terms available are 5 years/60 monthly payments, 10 years/120 monthly payments, 15 years/180 monthly payments, or 20 years/240 monthly payments. Rates are dependent on credit score, length of term and debt-to-income ratio. Fixed interest rates range from 3.16% to 6.88% (3.16% – 6.88% APR). Fixed APR examples are based on interest rates for January 1 – July 31, 2020. Variable interest rates range from 2.45% to 6.09% (2.45% – 6.09% APR). Variable APR examples are based on the quarterly interest rates effective January 1 – March 31, 2019. The variable interest rate that is charged to the borrower is reset quarterly, may increase or decrease, and is based on an Index and Margin. The Index is defined as the daily average of the three-month London Interbank Offered Rate (LIBOR) (currency in U.S. dollars) that was published on the Wall Street Journal website (or any generally recognized successor method or means of publication) on each business day during the following periods: December 21st through March 20th, March 21st through June 20th, June 21st through September 20th; and September 21st through December 20th. The daily average of the three-month LIBOR index for the period December 21st, 2019 – March 20th, 2020 is 1.953%. Variable interest rates are subject to increase after consummation. The maximum variable interest rate is 18.00%. All loans are subject to approval. Please note: Rates, terms, and conditions are subject to change. Estimated rates, payments and savings displayed may be different based on actual credit history, interest rate, loan amount, and term. If applying with a cosigner, the higher credit score between the borrower and the cosigner is used for approval purposes. This rate estimate is based on a monthly income of $5,000 and monthly debt and housing obligations of $1,700 (Debt-To-Income Ratio = 34%). If your income is much higher and/or your monthly obligations are low relative to your income, you may qualify for a lower rate. Alternatively, if your income is much lower and/or your monthly obligations are high relative to your income, you may receive a higher rate or in some cases may not be approved for this program.

  5. Automatic Payment Discount Disclosure:

    Earnest: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.College Ave: The 0.25% auto-pay interest rate reduction applies as long as the borrower or cosigner, if applicable, enrolls in auto-pay and authorizes our loan servicer to automatically deduct your monthly payments from a valid bank account via Automated Clearing House (“ACH”). The rate reduction applies for as long as the monthly payment amount is successfully deducted from the designated bank account and is suspended during periods of forbearance and certain deferments. Variable rates may increase after consummation.Iowa:You can earn a 0.25% interest rate reduction by signing up to have payments automatically withdrawn. The 0.25% interest rate reduction will apply once payments begin to be automatically deducted. The reduction will remain in effect as long as automatic payments continue without interruption during the repayment period. The interest rate reduction will be suspended during approved assistance or if automatic payments are rejected due to insufficient funds. The 0.25% interest rate reduction will not lower the monthly payment amount but will instead reduce the interest amount that accrues.

  6. Earnest Refinance Loan Rate Disclosure:

    Earnest’s fixed rate loan rates range from 2.98% APR (with autopay) to 5.79% APR (with autopay). Variable rate loan rates range from 1.99% APR (with autopay) to 5.64% APR (with autopay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms of 10 years or less. For loan terms of 10 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% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of 8/24/2020 and are subject to change based on market conditions and borrower eligibility.

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  8. Iowa Student Loan Rate Disclosure:

    Fixed Rate Loan Terms: 5 years/60 monthly payments, 7 years/84 monthly payments, 10 years/120 monthly payments, 15 years/180 monthly payments, or 20 years/240 monthly payments. Annual Percentage Rate [APR] is the cost of credit calculating the interest rate, loan amount, repayment term and the timing of payments. This rate is expressed as an APR. Fixed APRs range from 3.25% to 8.03% APR [low to high range with 0.25% auto-debit rate reduction]. Rates are subject to change without notice. Fixed rates will not change during the term. Since there are no fees associated with this loan offer, the APR is the same percentage as the actual interest rate of the loan including a 0.25% auto-debit rate reduction. These rates are subject to additional terms and conditions, and rates are subject to change at any time without notice. All estimates are based on information provided by you and are for informational purposes only, accuracy is not guaranteed and may not reflect actual rates or savings and do not constitute an offer of credit. Your actual rate, payment and savings may be different based on credit history, actual interest rate, loan amount, and term, including your cosigner [if applicable]. If applying with a cosigner, we use the higher credit score between the borrower and the cosigner for approval purposes. All loans are subject to credit approval.

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  10. College Ave Refinance Loan Rate Disclosure:
    College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or M.Y. Safra Bank, FSB, member FDIC. All loans are subject to individual approval adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply. College Ave Refi Education loans are not currently available to residents of Maine.$5,000 is the minimum requirement to refinance. The maximum loan amount is $300,000 for those with medical, dental, pharmacy or veterinary doctorate degrees, and $150,000 for all other undergraduate or graduate degrees.This informational repayment example uses typical loan terms for a refi borrower with a Full Principal & Interest Repayment and a 10-year repayment term, has a $40,000 loan and a 5.5% Annual Percentage Rate (“APR”): 120 monthly payments of $434.11 while in the repayment period, for a total amount of payments of $52,092.61. 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 8/1/2020. Variable interest rates may increase after consummation.

Student Loan Rate Comparison Disclaimers:

  1. Monthly payment is estimated based on the information you entered on this page and the previous page.
  2. Annual Percentage Rate: Annual Percentage Rate [APR] is the cost of credit calculating the interest rate, loan amount, repayment term and the timing of payments. Note: the actual APR may vary due to any periods of deferment and other factors. The APR numbers provided by Purefy are estimates.

  3. Loan Balance Upon Graduation: This is the loan balance at the time of exit (either graduation or an enrollment status of ‘less than half-time’) from school. This would be the principal balance of the loan plus accrued interest while you are attending school. The accrued interest is calculated using the ‘Rate’ shown for each ‘Term’ and the length of time until you obtain your degree (based on the input to the question, ‘How many years until you get your degree?’ on the prior page).

  4. Life of Loan Interest Cost: This is the total cost of the interest that will accrue for the complete duration of the loan term (both during the deferment period while in school and during the principal & interest repayment period following exit from school (either graduation or an enrollment status of less than half-time)). This cost takes into account the requested loan amount as selected by you at the top of this page, the Loan Balance Upon Graduation in the table, and its corresponding Rate and Term. Principal and interest payments would commence following exit from school. Each of our lenders offers an optional 6-month grace period following exit from school before the principal and interest repayment term begins. If you elect to utilize this grace period following exit from school, then the Life of Loan Interest Cost may increase. If you pay off the loan early, or make payments while in school, the Life of Loan Interest Cost may decrease.

  5. Life of Loan Interest Cost: This is the total cost of the interest that will accrue for the complete duration of the loan term (both during the deferment period while in school and during the principal & interest repayment period following exit from school (either graduation or an enrollment status of less than half-time)). This cost takes into account the requested loan amount as selected by you at the top of this page, the Loan Balance Upon Graduation in the table, and its corresponding Rate and Term. Principal and interest payments would commence following exit from school. Each of our lenders offers an optional 6-month grace period following exit from school before the principal and interest repayment term begins. If you elect to utilize this grace period following exit from school, then the Life of Loan Interest Cost may increase. If you pay off the loan early, or make payments while in school, the Life of Loan Interest Cost may decrease.
  6. College Ave Loan Disclosure: College Ave Student Loans products are made available through either Firstrust 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. 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 9/1/2020. Variable interest rates may increase after consummation. Lowest advertised rates require selection of full principal and interest payments with the shortest available loan term.

  7. Ascent Loan Disclosure: Ascent Student Loans are funded by Richland State Bank (RSB), 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 9/1/2020 and reflect an automatic payment discount of 0.25% on the lowest offered rate and a 2.00% discount on the highest offered rate. 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 bank 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.