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Student Loan Refinancing
for Parents

You've given your children a brighter future.
Now give yourself one.

Rates as low as

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Get My Rate
Please read carefully while considering to refinance your federal student loans:

Due to recent events, including an executive order by the President to waive federal student loan interest during the COVID-19 crisis, we are recommending that all customers with federal student loan debt carefully consider their options before refinancing with a private student loan. Customers should explore all available resources at their disposal to understand how the executive order may impact you. Additional proposals by congress have also been announced that may impact customers with federal student loan debt. When you refinance, you waive any current and potential future benefits of your federal loans and replace those with the benefits of the Education Refinance Loan.

Please carefully review your current and potential future benefits on your federal loans before refinancing.

One Affordable Loan for All Your Kids' Education Loans

Sending your children to college is a parent’s dream. Paying multiple high-interest loans for multiple children can be a financial nightmare. With a Citizens Bank Education Refinance Loan for Parents, you could save up to 3.29%2 on your interest rate while consolidating into one affordable payment.

  • Fixed Rates

    #ProductLine=Edfi|Brand=citizensbank|ProductSet=parentErlProductSet|Disclosure=disclosure|DisclosureName=allfixed|DisclosureAttribute=APRMin# - #ProductLine=Edfi|Brand=citizensbank|ProductSet=parentErlProductSet|Disclosure=disclosure|DisclosureName=allfixed|DisclosureAttribute=APRMax# APR1

    Your interest rate will remain constant over the life of your loan and your monthly payment amount will remain the same.

    Rate and Repayment Examples
  • Variable Rates

    #ProductLine=Edfi|Brand=citizensbank|ProductSet=parentErlProductSet|Disclosure=disclosure|DisclosureName=allvariable|DisclosureAttribute=APRMin# - #ProductLine=Edfi|Brand=citizensbank|ProductSet=parentErlProductSet|Disclosure=disclosure|DisclosureName=allvariable|DisclosureAttribute=APRMax# APR1

    Get a potentially lower rate and lower monthly payments. The interest rate will fluctuate monthly, and therefore, your monthly payment amount will vary over time.

    Rate and Repayment Examples

3 Reasons to Choose Citizens Bank

  • Lower rates

    Discounts of up to 0.50%3

    With our competitive rates and discounts of up to 0.50%3, you could trim your interest rate as much as 3.29%2 on a Federal Parent PLUS Loan.

    View our rates

  • Lower payments

    Payments on your terms

    With our low rates and flexible terms of 5, 7, 10, 15 or 20 years, you may be able to lower your monthly payments, giving you more room in your budget.

  • Time savings
    and convenience

    A single payment

    Let us help you combine all your loans, including Federal Parent PLUS, private, and student loans you cosigned – for all your children – into one loan and payment. You can even refinance loans you haven’t yet begun to pay4.

Student Loan Refinancing for Parents Features

  • Repayment

    Choose from 5, 7, 10, 15 and 20-year repayment periods, depending on your budget.

    View our repayment examples.

  • Eligibility5

    • At least $10,000 in student loans to refinance
    • US Citizens, permanent residents and resident aliens with a valid U.S. Social Security Number can apply
    • The primary applicant must be the primary borrower or co-signer on the loan to be refinanced.
  • Loan Amounts

    Minimum: $10,000

    Maximum: $500,000

3 Easy Steps to Apply

You’re busy. We get that. So, we’ve made applying for the Education Refinance Loan for Parents fast and easy. You can apply in 3 easy steps.
Apply Now


Complete the online application

Apply from your computer or mobile device*.


Select your rate and terms

Choose a fixed or variable rate and a term of
5, 7, 10, 15 or 20 years.


Sign and accept.

You will be asked to sign and accept your loan documents electronically.

Learn More About Refinancing Student Loans

Wondering if refinancing is right for you? Here is some information to assist you. Of course, if you have any additional questions, you’re always welcome to Ask a Citizen.

                Want to learn more? See our FAQs section.

Speak with a Student Lending Advisor

Mon – Fri: 8:00 am – 9:00 pm ET
Sat: 8:30 am – 5:00 pm ET

Helpful Tools

Questions? Ask a Citizen.
Questions? Ask a Citizen.

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