Save $500
when you refinance your student loans with
a graduate degree by November 7.

$250 for all other approved applicants. 1

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Options to Refinance or Consolidate Student Loans

You have options when it comes to managing the repayment of your private and federal student loans. You may be able to save on monthly payments when you refinance an existing student loan, or simplify your finances by consolidating multiple loans into one monthly payment. Ask a Citizen, apply now, or read on to find out how the Education Refinance Loan from Citizens Bank can help you better manage your student loan debt.

What are the benefits of consolidating or refinancing student loans?

Whether you just received your first few student loan bills or you’re planning for retirement and have cosigned your children’s student loans, there are benefits to managing your debt by refinancing or consolidating your student loans.

  • Simplify your finances – Combine multiple loans into one monthly payment
  • Adjust your budget – Choose a loan term that fits your financial needs
  • Lock in a fixed rate – Refinance variable rate loans into a new fixed rate loan
  • Save money – Pay off loans faster to achieve long-term savings on student loan repayment
  • Take control – Consolidate cosigned student loans into a new loan in your own name

Tell me more

Click on the banner below and answer a few questions about your student loans to estimate your savings.

Estimate My Savings

Four quick questions to see how refinancing
might lower your monthly payment.

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Am I eligible to apply?

You may be eligible to apply if:

  • You’re no longer enrolled in school
  • You have at least $10,000 in student loans to refinance or consolidate
  • You have a history of paying your current student loans on time
  • You have proof of income

Full eligibility details

What should I consider before applying?

The decision to refinance or consolidate student loans is a personal one, and it’s not the right fit for everyone. Here are some important factors to consider before you apply.

  • Compare the benefits and repayment options available on your federal student loans to the benefits of the new loan. Federal student loans offer certain benefits that private student loans may not. 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.
  • Review the interest rate and remaining length of repayment on your existing loan(s) to compare with the potential rate and term available with the Education Refinance Loan.
  • Consider your current income, expenses, and credit score. Applying with a cosigner may increase your chances of approval and help you secure a lower interest rate.
  • For more information about important factors to consider, check out “Should I Refinance My Student Loan?” by clicking the link below.

Should I Refinance My Student Loan?

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Call a Student Lending Specialist

How do I apply for the Education Refinance Loan?

Submit your application online or call one of our Student Lending Specialists to submit over the phone. Before you get started, make sure you have the following:

Applicant Info
Personal information for you and your cosigner

Student Loan Info
Recent billing statement for each loan you want to include

Income & Expenses
Income and expense information for each applicant (You may be asked to provide recent pay stubs or other proof of income.)

The application process

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