*Your actual savings will vary based on your specific loan amount, interest rate, repayment term, and creditworthiness. Average savings figures are based on loans refinanced during the six-month period ending March 24, 2026, and reflect the average balance, average rate refinanced, and offered rates assuming a standard 10-year repayment plan. Extending your repayment term may lower your monthly payment but could result in paying more total interest over the life of the loan. Checking your rate involves a soft credit inquiry only; a hard credit inquiry will be required to complete a full application. This is not an offer or commitment to lend.
This marketplace is operated by Rate, which connects borrowers to our lender partners (Lendkey, Splash Financial and Earnest). Rate is not a student loan lender and does not make credit decisions.  All credit decisions are determined by Rate’s student loan lending partners. Rate will receive compensation for products purchased from these lenders. Compensation will not impact how or where products appear on the platform when requesting prequalified rates and loans. Not all lenders participate in the marketplace. Prequalified rates are provided as informational only and intended to provide you with options for a loan with one of our lender partners and are not offers of credit. Rates from lending partners may differ. All pre-qualification scenarios are based on the information provided by the consumer and a soft credit pull completed by one of Rate’s lending partners.  Product availability varies by state. Not financial advice.  
Refinancing federal student loans into a private loan permanently eliminates access to federal benefits including income-driven repayment plans (SAVE, PAYE, IBR, ICR), Public Service Loan Forgiveness (PSLF), Teacher Loan Forgiveness, and federal deferment and forbearance. These benefits cannot be restored. Visit StudentAid.gov or contact your federal servicer before refinancing.