Refinance your student loans and save thousands
Lower your monthly payments with rates starting as low as 4.15% APR*. Check your rate in 2 minutes with no impact to your credit score.
No fees, ever
Won't affect your credit score until you're ready to apply
Shop multiple lenders to find the best rate for you
Get results in 2 minutes
Simple, transparent and flexible loans for you
You could lower your overall cost and monthly payments
Lower your monthly payment
Save an average of $103 per month by refinancing at a lower interest rate**.
No hidden fees
Zero origination fees, application fees, or prepayment penalties. Ever.
Fast & simple process
Complete application takes just 2 minutes. Get approved in as little as 1 business day.
Flexible terms
Choose from 5, 7, 10, 15, or 20-year repayment terms that fit your financial goals.
Simple steps to freedom
Refinancing your student loans is simple with our streamlined process.
1. Check your rate
Fill out a simple form in 2 minutes. No impact to your credit score until you're ready to apply.
2. Compare options
Review personalized rates and terms across various lenders. We do the shopping for you.
3. Get approved
Complete the full application and get approved in as little as 1 business day.
4. Start saving
The lender you select will pay off your old loans and you'll start making lower monthly payments.
No. Checking your student loan refinance rate uses a soft credit check, which does not affect your credit score.
A hard credit check only happens if you decide to submit a full refinance application with a lender.
This allows you to safely compare multiple lenders and see potential savings before committing.
You can choose which loans you want to refinance.
Many borrowers refinance:
- Only private loans
- A portion of their loans
- Or all eligible loans
However, federal student loans should be evaluated carefully before refinancing because refinancing converts them into private loans and removes federal benefits like income-driven repayment and loan-forgiveness programs.
Savings vary for each borrower depending on:
- Current interest rates
- Loan balance
- Credit score
- Loan term selected
Most of the borrowers we help see lifetime savings from $1,000 to $35,000.
To accurately estimate savings, loans should be compared on an apple-to-apple basis, considering:
- Interest rate
- Monthly payment
- Total interest over time
Our technology automatically compares lenders this way, and you can schedule a call with a student loan expert if you'd like help reviewing your options.
Yes. Student loan refinance lenders do not charge application or origination fees.
However, some credit unions may require opening a membership account, which typically involves depositing $5–$10.
That deposit remains your money and is not a fee.
Approval timelines vary by lender.
Some lenders offer same-day conditional approvals, while others take about one week.
The biggest factor is how quickly you upload required documents, such as income verification and loan statements.
If your situation changes and you need a different payment structure, you would typically refinance again with a new loan term.
That’s why it’s important to compare options carefully, including:
- Monthly payment
- Loan term
- Total savings
If you want help evaluating these tradeoffs, you can schedule a call with one of our student loan specialists.
Yes. Refinancing a student loan does not have prepayment penalties, meaning you can pay extra or pay off the loan early without additional fees.
This allows you to reduce interest costs if your financial situation improves.
Most student loan refinance lenders require a minimum credit score around 650.
However, the best interest rates are typically offered to borrowers with credit scores above 700, along with strong income and a stable employment history.
Our refinance comparison system is designed to remain unbiased.
- Our algorithms and AI do not know how much each lender pays us.
- The system simply evaluates and displays the best refinance offers available.
Additionally, our student loan specialists are not paid commissions for closing loans, so they have no incentive to push one lender over another.
Their role is simply to help you understand your options.
We do not negotiate lender bonuses directly.
However, some lenders occasionally offer refinance bonuses or promotional incentives, and you can always ask the lender if any are available.
Our primary lending partners are:
- LendKey
- Splash Financial
Through these partners, borrowers gain access to more than 300 credit unions and lenders, including well-known companies such as:
- SoFi
- Earnest
- ELFI
This allows you to compare multiple refinance offers in one place.
Refinancing student loans can make sense when you qualify for a lower interest rate, which can reduce your monthly payment or total interest paid over the life of the loan.
Borrowers often consider refinancing when they:
- Have improved their credit score
- Have stable income and employment
- Want to lower their monthly payment
- Want to pay off their loans faster
However, if you have federal student loans and plan to use programs like income-driven repayment or Public Service Loan Forgiveness (PSLF), refinancing may not be the right choice because those federal benefits would be lost.
That’s why it’s important to review your strategy before refinancing.
You can refinance student loans multiple times.
Many borrowers refinance again if:
- Interest rates drop
- Their credit score improves
- Their income increases
- They want to shorten or extend their loan term
Refinancing again can potentially help you secure a better interest rate or monthly payment in the future.
Yes. You can refinance with a cosigner, which may help you qualify for lower interest rates if your credit or income alone are not strong enough.
Many lenders also offer cosigner release, which allows the cosigner to be removed from the loan after you make a certain number of on-time payments.