Refinance Your Student Loans
There are many college graduates with student loans that cost as much as their monthly rent. Although a quality education is invaluable, no one should be stuck living in poverty because they decided to better themselves.
Fortunately, if you’re one of the many Americans with student loans, it’s possible to reduce the cost of those loans by a tremendous amount — simply by refinancing at a lower interest rate. Depending on your current payments, you may be able to cut your monthly bills by $100-400! That’s almost a basic income.
Check out the student loan refinance options below and consider completing an application for several of them to see what rates they can offer you. To semi-quote a famous lizard, “15 minutes could save you a fortune”.
|Lender||Interest Rates||Loan Terms (Years)|
|2.66% - 7.26%Interest Rates||5, 7, 10, 15, 20Loan Terms (Years)||Check Rates More Details|
OverviewLendKey works with non-profit credit unions around the country to provide borrowers with affordable rates. LendKey provides student loans for both undergraduate and graduate degrees, and walks you through the entire refinancing process to ensure that you are taken care of.
|2.80% - 6.74%Interest Rates||5, 7, 10, 15, 20Loan Terms (Years)||Check Rates More Details|
OverviewSoFi is a student loan refinance company that focuses on providing maximum value to its borrowers. In addition to offering great refinancing rates and no origination fees, SoFi also provides unemployment protection and an entrepreneur program -- both programs place your loan payments on hold during certain life events.
|2.79% - 6.49%Interest Rates||5 - 20Loan Terms (Years)||Check Rates More Details|
OverviewEarnest is one of the most convenient lenders for student loan refinancing. Determine a term and monthly payment that works well for you, pay back extra when you can, and skip a payment to make up later if necessary. Earnest helps you pay back your student loans on your terms.
|2.61% - 6.74%Interest Rates||5, 7, 10, 15, 20Loan Terms (Years)||Check Rates More Details|
OverviewCommonBond offers more than just student loan refinancing. They focus on building community through networking events, panels, and speaking events at cities across the country. Plus, for every funded loan they fund the education of a child in need.
|3.76% - 7.20%Interest Rates||5, 7, 10, 15, 20Loan Terms (Years)||Check Rates More Details|
OverviewLaurel Road provides student and parent loan refinancing to graduates with a professional degree such as medical professionals, MBA graduates, law graduates, and PhD graduates.
|2.77% - 8.62%Interest Rates||5, 10, 15, 20Loan Terms (Years)||Check Rates More Details|
OverviewCitizens Bank provides student loans with a variety of perks -- including an automatic payment discount of 0.25%, a loyalty discount of 0.25% (if your cosigner has a qualifying account with Citizens Bank), and a Cosigner release after 36 months of consecutive payments.
|2.79% - 6.74%Interest Rates||5, 7, 10, 15, 20Loan Terms (Years)||Check Rates More Details|
OverviewElfi's team of student loan professionals focus on meeting customer's goals with flexible repayment plans.