Student Loan Refinancing

Our Education Refinance Loan Refinance your student loans today.
Find out your rate in under 2 minutes with no impact to your credit score.1

Refinance student loan debt for potentially lower rates and more manageable payments

Looking for a way to make your student loan payments more manageable? You may be able to consolidate or refinance federal and private student loan debt with our Education Refinance Loan, which can help you trim your monthly payment or reduce your interest rate to make your loans more affordable. In addition to the new rate you may qualify for, we also have available discounts to lower our competitive interest rates even further. And when you consolidate all of your student loans with us, you’ll get the convenience of a single monthly payment. Estimate your potential savings with our refinance loan calculator, and then learn more about the Education Refinance Loan and how it can be used to both refinance and consolidate student loans.

Interest Rates

  • We offer low, competitive fixed and variable interest rates.
Rate and Repayment Examples

No Application Fees

  • No application, origination or disbursement fees
  • No prepayment penalty


  • One convenient monthly payment for all your student loans.
  • Choose how long you take to repay your loan (5, 10, 15, and 20 year options).
Rate and Repayment Examples
See your rate and savings in under 2 minutes with no impact to your credit score1.

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Call a Student Lending Specialist

Ways to lower your interest rate

Interest Rate Discounts

Reduce your interest rate with the following discounts when you refinance or consolidate your student loan debt with us:

  • Loyalty Discount: 0.25 percentage points off your interest rate on a new Education Refinance Loan if you or your co-signer (if applicable) has a qualifying account with us when you apply.2
  • Automatic Payment Discount: 0.25 percentage points off your interest rate by authorizing our loan servicer to automatically deduct your payments each month from any bank account.2


If you have little or no credit history, we strongly suggest that you apply with a qualified co-signer as it may increase your chances of approval or help you secure a lower interest rate.

After making 36 consecutive on-time payments of principal and interest, a borrower may apply to release the co-signer from the loan.3

To learn more about cosigner responsibilities, speak to a Student Lending Specialist.


Is refinancing right for me?

Whether or not to refinance your student loans is a personal decision, and it’s not right for everyone. You can learn more about the benefits of refinancing your student loans by speaking with a Student Lending Specialist. In the meantime, here are some things you can do to determine if refinancing could work for you:

  • Review the benefits of any federal student loans you may wish to refinance. Federal student loans provide certain benefits that are unavailable with private student loans. 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.
  • Know your current income and expenses, as well as your financial goals.
  • Compare your current student loan terms with our refinance loan options.

Should I Refinance My Student Loan?

Am I eligible to refinance my student loans?

You may be eligible to refinance private and federal student loans if:

  • You’re no longer enrolled in school.
  • You must have at least $10,000 in student loans to refinance, which can include private loans from other lenders and/or your federal loans like Direct PLUS or Stafford loans.
  • You have a history of paying your current student loans on time.
  • You have proof of income.

Do you want to explore your options or learn more about eligibility requirements? A Student Lending Specialist can help. Give us a call today.

Can I find out what interest rate I qualify for?

Yes! Now you can find out your interest rate and potential monthly savings in less than two minutes. Simply click ‘Get My Rate’ and enter in a few pieces of information. Once submitted, you will be presented with your interest rate options, without affecting your credit score. Your final interest rate and loan terms will be based on the verified information entered in your loan application.

How much can I borrow?

Loans from $10,000 to $300,000 depending on your level of education.

Maximum loan amount:

  • $90,000 Bachelor’s degree and below.
  • $225,000 graduate and doctoral degrees, including MBA.
  • $300,000 professional degrees such as dental, medical, and law.

How do I apply?

Applying to refinance or consolidate your student loans is easy. You provide:

  • Completed Application: Filled out by you and, if applicable, your co-signer. Use our refinance application checklist to make sure you have everything you need along the way.
  • Existing Student Loan Info: Billing statements for the loans you wish to refinance.
  • Income & Expense Info: Details on your employment and monthly housing payments, as well as recent pay stubs or other proof of income.

Learn more about the application process with answers to frequently asked questions.

Will this loan application impact my credit score?

The Citizens Bank Education Refinance Loan is a credit-based loan which will be seen as an inquiry on your credit report.

Already have an application?

Applying to refinance or consolidate your student loans is easy. You provide:

  • Completed Application: Filled out by you and, if applicable, your co-signer.
  • Existing Student Loan Info: Current student loan billing statements, with payment address, for the loans you wish to refinance.
  • Income & Expense Info: Details regarding your monthly housing payments, as well as a recent paystub (no more than 60 days old) or other proof of income.

See all FAQs

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