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Education Refinance Loan Details

Refinance your federal and private student loans with our Education Refinance Loan. You may be able to trim your monthly payment or reduce your interest rate. Plus, we 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. Even if you've already consolidated your student loans in the past, you can refinance with us for a potentially lower interest rate.

No fees

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

Potential benefits

  • A better interest rate
  • Lower monthly payments
  • One convenient monthly payment for all your student loans

Fixed or variable rate

  • A fixed rate as low as 4.74%2
  • A variable interest rate as low as 2.34% APR2
Rate and Repayment Examples

Multiple term options

  • Choose how long you have to repay your loan (5, 10, 15 and 20 year options)
Rate and Repayment Examples

Loan amounts

  • Loans from $10,000 to $170,000 depending on your level of education

Eligible loans

  • Private and federal graduate and undergraduate student loans are eligible for refinancing
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Estimate My Savings

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

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Ways to lower your interest rate

Interest Rate Discounts

Reduce your interest rate with the following discounts when you refinance or consolidate your student loans 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.3
  • 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.3


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

After 36 consecutive, on-time principal and interest payments, a co-signer may apply for release from the loan.4

Am I eligible to refinance my student loans?

You may be eligible to refinance if:

  • You’re no longer enrolled in school
  • You have a history of paying your current student loans on time
  • You have proof of income

Full eligibility details

Deciding to refinance

Whether to refinance your student loans is a personal decision, and it’s not right for everyone. Here’s what to consider.

  • 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.
  • 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?

Refinancing FAQs

What loans can I include in my refinancing?

Am I eligible to refinance?

How good must my credit be to be eligible?

What are the steps to getting my loan?

See all FAQs

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Call an Education Finance Advisor

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.

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 two recent pay stubs or other proof of income.

The application process

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