Home » Student Loan Refinance

Student Loan Refinance

Updated on April 1, 2025

Refinance your student loan. Compare student loan refinance interest rates from top lenders offering competitive rates and terms. We work with some of the nation’s most reputable banks and credit unions to bring you competitive benefits. Find the loan refinance solution that works best for you!

Fixed APR 4.45% - 10.49%*

Variable APR 5.88% - 10.49%*

Apply Now

Featured Lender

Learn More Disclosure

Earnest Student Loan Refinancing

New-fashioned loans for the next generation.

Earnest is a technology company using cutting-edge data science, smarter design, and software automation to rebuild financial services.

With a mission to empower people with the financial capital they need to live better lives, Earnest's lending products are built for a new generation seeking to reach life's milestones. The company uses data and technology to understand every applicant's unique financial story and offer the lowest possible rates.

To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.

Actual rate and available repayment terms will vary based on your income. Fixed rates range from 4.70% APR to 10.74% APR (excludes 0.25% Auto Pay discount). Variable rates range from 6.13% APR to 10.74% 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.

^*Auto Pay Discount: 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. Not all borrowers will qualify for our lowest rates, and your rate will be based on creditworthiness at time of application.

The information provided on this page is updated as of 04/16/2025. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice.

Earnest Loans are made by Earnest Operations LLC. Earnest Operations LLC, NMLS #1204917. 300 Frank H. Ogawa Plaza, Suite 340, Oakland 94612. California Financing Law License 6054788. Visit www.earnest.com/licenses for a full list of licensed states. For California residents: Loans will be arranged or made pursuant to a California Financing Law License.

Earnest loans are serviced by Earnest Operations LLC with support from Higher Education Loan Authority of the State of Missouri (MOHELA) (NMLS# 1442770). Earnest LLC and its subsidiaries, including Earnest Operations LLC, are not sponsored by agencies of the United States of America.

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

Fixed APR 3.85% - 12.10%^*

Variable APR 4.70% - 13.44%^*

Apply Now

Featured Lender

Learn More Disclosure

Compare student loan refinancing rates from top lenders via Credible.

Student Benefits

Actual prequalified rates from multiple lenders in 3 minutes.
Checking rates on Credible is free and will not impact your credit score.
Refinance federal, private and ParentPLUS loans.
You could lower your interest rate or reduce your monthly payment.

Eligibility

Refinance $5,000 up to the full balance

Student Loan Refinancing Rate and Terms Disclosure:

The lenders on the Credible.com platform offer fixed rates ranging from 3.85% - 12.10% (3.85% - 12.10% APR). Variable interest rates offered by the lenders on Credible.com range from 4.70% - 13.44% (4.70% - 13.44% APR). Variable rates will fluctuate over the term of the borrower's loan with changes in the Index rate. The Index will be either LIBOR, SOFR, or the Prime Rate of interest as published in the Wall Street Journal (WSJ). The maximum variable rate on the Education Refinance Loan is the greater of 21.00% or Prime Rate plus 9.00%. Rates are subject to change at any time without notice. Your actual rate may be different from the rates advertised and/or shown above and will be based on factors such as the term of your loan, your financial history (including your cosigner’s (if any) financial history) and the degree you are in the process of achieving or have achieved. While not always the case, lower rates typically require creditworthy applicants with creditworthy cosigners, graduate degrees, and shorter repayment terms (terms vary by lender and can range from 5-20 years) and include loyalty and Automatic Payment discounts, where applicable. Loyalty and Automatic Payment discount requirements as well as Lender terms and conditions will vary by lender and therefore, reading each lender’s disclosures is important. Additionally, lenders may have loan minimum and maximum requirements, degree requirements, educational institution requirements, citizenship and residency requirements as well as other lender-specific requirements.

Fixed APR As low as 4.96%¹

Variable APR As low as 4.74%¹

Apply Now

Featured Lender

Learn More Disclosure

Splash Financial Refinance Loan

Splash Financial negotiates with credit unions and banks to provide low refinancing rates to student loan borrowers.

Splash is a student loan refinance company that negotiates with credit unions and banks to provide market-leading rates. Our sole focus is helping graduates save money through student loan refinancing – it’s the only product we offer!

The Splash Financial Refinance Loan Offers the Following:

Rates as low as 4.74%¹ Variable APR and 4.96%¹ Fixed APR
See your rates in 3 minutes without affecting your credit score²
No pre-payment penalties, origination, or application fees
Minimum loan amounts starting at $5,000 and no loan maximums
Special terms for Medical and Dental Residents and Fellows

Minimum Eligibility Requirements

Graduates with an associate, bachelor’s or graduate degree
Parents who took out educational loans to finance their child’s education are also eligible if the child has graduated
Borrower must be a U.S. citizen or permanent resident
650+ FICO
<50% Monthly Debt-to-Income Ratio

Loan Limits

Minimum Loan Amount: $5,000

Annual loan maximum: No Maximum

¹The rates displayed may include a 0.25% autopay discount.

²To check the rates and terms you qualify for, Splash Financial conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, the lender will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.

Fixed APR As low as 4.88%²

Variable APR As low as 4.86%²

Apply Now

Featured Lender

Learn More Disclosure

ELFI Student Loan Refinance

ELFI is a nationwide student loan debt consolidation and refinancing program offered by Tennessee based SouthEast Bank. Offering among the lowest rates in the industry coupled with award winning customer service, it is designed to assist borrowers through consolidating and refinancing education loans to lower your cost of education and/or makes repayment very simple.

ELFI – backed by the strength of SouthEast Bank – combines the benefits of traditional education loan financing with the superior products, service, and support found in the private market.

¹Average savings calculations are based on information provided by SouthEast Bank/ ELFI customers who refinanced their student loans between 01/03/23 and 03/01/23. While these amounts represent reported average amounts saved, actual amounts saved will vary depending upon a number of factors.

²Rates accurate as of 01/01/25. The interest rate and monthly payment for variable rate loans may increase after closing. Your actual interest rate 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. To qualify for refinancing or student loan consolidation through ELFI, you must have at least $10,000 in qualified student loan debt and must have earned a bachelor’s degree or higher from an approved post-secondary ELFI institution. ELFI Parent Loans are limited to a maximum of the 10-year term.

Fixed APR 6.99% - 13.99%¹

Variable APR 6.99% - 13.99%¹

Apply Now

Featured Lender

Learn More Disclosure

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 rate range: 6.99% – 13.99% APR¹
Fixed rate range: 6.99% – 13.99% APR¹
Choose how long you take to repay the loan

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 $300,000³
All loans are subject to individual approval and adherence to underwriting guidelines.

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.

¹The 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.

²This informational repayment example uses typical loan terms for a refi borrower who selects the Full Principal & Interest Repayment Option with 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.

³$5,000 is the minimum requirement to refinance. The maximum loan amount is $250,000 for those with medical, dental, pharmacy or veterinary doctorate degrees, and $150,000 for all other undergraduate or graduate degrees.

Information advertised valid as of 03/01/2023. 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.

Fixed APR As low as 4.89%⁴

Variable APR As low as 4.55%⁴

Apply Now

Featured Lender

Learn More Disclosure

LendKey connects borrowers to over 300 community lenders through a quick and easy online application process. Within 2 minutes, the borrower can see multiple offers with no impact to their credit score. See how much you could be saving by checking your rates today.

Student Benefits

2-Minute rate check with no impact on your credit score
No origination fees, application fees or prepayment penalties
Network of 300+ community lenders = higher chances for approval and lower rates
Available for private & federal, undergraduate & grad school student loans
0.25% interest rate reduction with automatic payments
One of the largest unemployment protections offers in market; up to 18 months
Cosigner release available after 12 months of on-time payments
Dedicated customer care team

Eligibility

Must be a U.S. Citizen or Permanent Resident
Minimum loan amount: $5,000
Maximum loan amount: $125,000 for undergraduate degrees, $250,000 for graduate degrees and select medical degrees (MD, DO, DDM, DDS, VMD, DVM)
Must have graduated with at least an associate degree from one of our lenders’ eligible institutions
Minimum annual income: $36,000
Open to all US states excluding: Rhode Island, West Virginia, Maine, Nevada, North Dakota

¹Terms and Conditions Apply

Rates displayed are reserved for the most creditworthy consumers who enroll to make automatic monthly payments. Your initial rate will be determined after a review of your application and credit profile, and it may be based on your credit score, level of degree earned, and the availability and credit score of a cosigner applicant. Applying with a creditworthy cosigner may result in a better chance of loan approval and/or lower interest rate. Variable rates may increase after consummation. Refinancing via LendKey.com is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via LendKey.com. If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. If you are not a member of the credit union lender, you may apply and become a member during the loan application process if your meet the lender's eligibility criteria. Lenders participating on LendKey.com reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it endorse, any educational institution.

²Conditional Offers

In the event that you would like to move forward with any of the conditional offers, you will be required to complete an application with the lender on this website, at which point a hard credit inquiry will be conducted (which may affect your credit score).

³Intentionally Omitted

⁴AutoPay Discount & Lowest Interest Rate

Subject to floor rate and may require the automatic payments be made from a checking or savings account with the lender. The rate reduction will be removed and the rate will be increased by 0.25% upon any cancellation or failed collection attempt of the automatic payment and will be suspended during any period of deferment or forbearance. As a result, during the forbearance or suspension period, and/or if the automatic payment is canceled, any increase will take the form of higher payments. The lowest advertised APR is only available for loan terms of 5 years and is reserved for the highest qualified applicants, taking into consideration the applicant’s credit and other factors.

As of 03/07/2025 student loan refinancing rates range from 4.89% to 9.44% Fixed APR with AutoPay.

⁵Important Notice Regarding the Refinancing Of Your Federal Student Loans

Please be aware that you may potentially lose certain benefits associated with your federal student loans by refinancing such federal loans with a private student loan consolidation. These benefits may include favorable repayment options, loan and fixed interest rates, extended loan terms, and loan forgiveness. We strongly advise that you seek professional advice and examine our benefits and options before refinancing your federal loans. It is important to us that you are comfortable with potentially forfeiting benefits that may not be offered through our consolidation loan.

⁶Promotional Bonuses

If you were offered a bonus in connection with a promotional offer, your application must be initiated through this page immediately following the email, direct mail or banner advertisement in which the offer was presented. The offered promotional bonus will be provided within six weeks of loan disbursement. You must have a PayPal account in order to receive the bonus. The bonus is non-transferable and no other reward will be substituted. All borrowers entitled to a bonus will have an account automatically created for them on LendKey’s referral platform. Bonuses must be claimed within 90 days of notification of account creation or they will expire.

*Acorns® Member Bonus: $50 deposited into new borrower’s Acorns account within 8 weeks of loan funding. Not redeemable for cash and non-transferable.

*ChangEd Bonus: $100 will appear in the borrower's ChangEd account within 90 days of loan funding. Not redeemable for cash and non-transferable.

*Collective Rate members get 1% of refinanced loan balance back as a welcome bonus

* LendKey Email invitation offer: Please refer to the terms contained within the email.

*Mint user bonus of $100: Offer available as of May 19th, 2022 to Mint users who refinanced using the Mint mobile or web link.

*For members of NYU Alumni Association, AARN, Employees of the City of Austin, TX, Montefiore Medical System, and the Massachusetts College of Pharmacy, a bonus will be awarded within 8 weeks of loan funding. The bonus will be $100 for loan balances of under $100,000, and $300 for loan balances over $100,000. This offer is non-transferable.

*For members of NYU Alumni Association, residents of Maine, Nevada, North Dakota, Rhode Island, or West Virginia are not eligible.

*Tuition.io Bonus: 1% of refinanced loan balance will be awarded within 8 weeks of loan funding via PayPal. You must have a PayPal account in order to receive the award.

*Unifimoney: 1% cashback bonus will be deposited directly into the user’s Unifimoney account within 6-8 weeks of loan funding. You must have a Unifimoney account in good standing to receive the bonus. Application must be initiated through the link via the Unifimoney app.

⁷Cosigner Release

Some lenders participating on LendKey.com may offer the benefit of cosigner release. Cosigner release is subject to lender approval. In order to qualify, the borrower, alone, must meet the following requirements: (1) Make the required number of consecutive, on-time full principal and interest payments as indicated in the borrower’s credit agreement during the repayment period (excluding interest-only payments) immediately prior to the request. Any period of forbearance will reset the repayment clock; (2) The account cannot be in delinquent status; (3) The borrower must provide proof of income indicating that he/she meets the income requirements and pass a credit review demonstrating that he/she has a satisfactory credit history and the ability to assume full responsibility of loan repayment; (4) No bankruptcies or foreclosures in the last sixty months; and (5) No loan defaults.

⁸Calculator

The calculator provides estimates based on the information provided and is for illustrative purposes only. Actual estimated payments can only be determined after you apply and provide all necessary documentation for review. We cannot and do not guarantee their applicability or accuracy in regard to your individual circumstances. We encourage you to seek personalized advice from qualified professionals regarding your specific financial situation.

**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.

Refinance Student Loan FAQs

The average student loan debt for a bachelors degree is $36,510 and the average student loan debt for a masters degree is $71,318

Read More Info

A private student loan refinance repayment terms vary by lender, and can be anywhere from 5 to 20 years. The Standard Direct Consolidation Loan repayment period is determined by your total education debt, which considers both federal and private student loan debt. In your application you can report the amount of your private student loans, even though you can't include the actual loans in your consolidation.

Read More Info

FICO® FICO is a particular type of credit score. While there are other brands of credit score, most lenders use the FICO score. A number typically between 300-850 that represents the data present on your credit report.

Read More Info

You will not be able to consolidate your federal student loans with your spouse through the federal consolidation program (they ended the spousal consolidation option several years ago). However, some private lenders do allow spouses to combine their student loans when they refinance. Check with your lender to see if this option is available to you.

Read More Info

No. Students may not include their parent’s Parent PLUS Loans in their Direct Consolidation Loan. However, if you are looking for options to transfer your parent's PLUS Loans to your name, this can be accomplished through a private student loan refinance.

Read More Info

A Direct Consolidation Loan provides auto-debit interest rate discounts for making automatic monthly payments by direct debit from a bank account (ACH). The interest rate reduction will be 0.25%.

Read More Info

While you can refinance your federal student loans, keep in mind, if you do refinance your federal loans with a private lender, you will lose the federal benefits on those loans.

Read More Info

In most cases, yes you can refinance your student loans after consolidation. If you previously refinanced your student loans through a private lender, you can refinance again with or without including any eligible new loans. It is advisable to go through the entire process again, from comparing lenders, to choosing a lender and applying. This will help ensure you get the interest rate and terms that are right for you.

Read More Info

Yes, you can consolidate (i.e., refinance) student loans from different lenders. When you apply to refinance your loans with a private student loan refinance lender, you can include all existing loans you may have, regardless of the lender.

Read More Info

If you cosigned a student loan and now would like to be removed, you and the borrower of the loan have three options: a cosigner release, refinance or consolidate the loan, pay off the loan.

Read More Info

To refinance your student loans, you need to find a lender that offers student loan refinancing. If you choose to combine your loans into a Direct Consolidation Loan, you will need to submit an application to StudentLoans.gov.

Read More Info

It is always best to determine if you have federal or private student loans, and who services them before you start the refinance or consolidation process. To find your federal student loans log into your My Federal Student Aid account with the U.S. Department of Education. For private student loans request your free annual credit report at AnnualCreditReport.com.

Read More Info

Every 12 months you can receive a free copy of your credit report from each of the major credit reporting agencies, Experian, TransUnion, Equifax from annualcreditreport.com where you will be asked to complete a form online and pick the report(s) you want to see.

Read More Info

A private student loan refinance and a federal student loan consolidation will typically take 30 to 60 days. While you wait, you should continue to make your payments.

Read More Info

The standard repayment term on a federal student loan is 10 years. The repayment term on private student loans vary from 5 years to 15 years.

Read More Info

If you have a late payment, it will appear on a credit report for seven years (or seven years from the delinquency date).

Read More Info

If you do not satisfy a lender’s credit criteria, a cosigner may be required. Recent college graduates may not have a long enough credit history or work history to qualify without a cosigner.

Read More Info

No. If you are able to qualify for a private refinance loan on your own, you can combine your existing student loans into the new refinance loan without a cosigner. This will pay off your existing loans, and create a new loan solely in your name. Releasing your cosigner of any obligation.

Read More Info

Student loan payments can be a source of financial stress for many borrowers who are struggling to repay their loans. Every dollar of loan payments is a dollar less that is available for other priorities. So, borrowers sometimes seek to lower their monthly student loan payments.

Read More Info

If your loans are ineligible for a Direct Consolidation loan, you can explore consolidating your student loans by refinancing them with a private lender.

Read More Info

The length of the repayment term varies by lender, typically 15, 20 or 25 years. Lenders offering fixed interest rates may have shorter repayment terms. The repayment term may depend on the amount borrowed.

Read More Info

If you are looking to consolidate your federal student loans with a Federal Direct Consolidation loan, you should consider the benefits as well as the cons. While you can lower your monthly payment by extending the repayment term, you could end up paying more in interest over the life of the loan.

Read More Info

Student loan refinancing is credit-based. To know if you should refinance your student loan, first be aware that to qualify you will need to have a steady income and strong credit history, or apply with a creditworthy cosigner.

Read More Info

When we refer to consolidation, we are talking about the federal student loan consolidation program. This program is only available for federal student loans. Private student loans may not be included.

Read More Info

Most private student loans and federal student loans are eligible for refinancing, including loans taken out for undergraduate and graduate studies. Some private lenders may determine loan eligibility based on the college attended, degree level, or field of study.

Read More Info

Interest rates on private refinance loans vary by lender, and may be variable or fixed. Typically, the interest rate is based on the credit score of the borrower and the cosigner (if applicable).

Read More Info

Loan limits and minimum balance requirements vary by lender. Minimum amounts typically range from $5,000 to $10,000. Maximum amounts apply as well, with the highest maximums typically reserved for graduates of medical school, law school, or other professional programs.

Read More Info

Each private lender has their own criteria for determining interest rate. Factors that may help determine your interest rate include your credit history and the repayment term you choose.

Read More Info

Many lenders do not charge fees to refinance private student loans. Some lenders roll the fees into the interest rate. We recommend you ask any potential lenders to explain any fees they may charge. There are no fees to consolidate with a Direct Consolidation Loan.

Read More Info

The answer to this question is “it depends.” If you’re looking at saving money each month on the amount of your student loan payment, you will likely be able to reduce your monthly obligation by extending your repayment term. However, extending your repayment term may cost you more overall in interest paid over time, but can help to reduce your monthly expenditures.

Read More Info