Refinance your student loans and keep more of your paycheck
Replace one or more student loans with a single loan at potentially lower rates.
✓ Soft credit check · No score impact
and Keep more of your
paycheckpaycheck
Soft credit check — does not affect your credit score
Refinance your student loans and keep more of your paycheck
Replace one or more existing student loans with a single new private loan — potentially at a lower rate — so you can simplify your payments and reduce interest costs as your career grows.
Multiple loans can be combined into one monthly payment.
Choose from available fixed or variable rate options and repayment terms.
Check potential rates using a soft credit check, which does not affect your credit score.
Eligible borrowers may have options to add or release a co-signer.
Check potential refinancing rates using a soft credit inquiry that does not affect your credit score.
Rate checks may use a soft credit inquiry that does not affect your credit score. Submitting a formal application may result in a hard credit inquiry, depending on the lender.
Private refinancing and federal consolidation are different. Federal Direct Consolidation combines eligible federal loans into a new federal loan but generally does not lower the interest rate. Private refinancing replaces eligible existing loans with a private loan and may offer a different rate or repayment term, but refinancing federal loans can mean losing federal protections.
How student loan refinancing works
Step 01
Check your rate
Share basic information to see estimated refinancing options. Initial rate checks may use a soft credit inquiry that does not affect your credit score.
Step 02
Compare offers and terms
Review available APRs, fixed or variable rates, repayment terms and estimated monthly payments.
Step 03
Apply with your details
If you choose an offer, provide the required income, employment and existing loan information for the lender's review.
Step 04
Your new lender pays off eligible loans
If approved, the new lender generally pays eligible existing loans and you begin making payments under the new loan.
Your available rate and terms depend on factors such as your credit profile, income and the lender's eligibility requirements.
01
Credit Score
Your credit history and score can influence the rates and terms you may qualify for.
02
Income & Employment
Stable income and employment information can help lenders evaluate repayment ability.
03
Debt-to-Income Ratio
Lenders may consider your monthly debt obligations compared with your income.
04
Degree & Career Field
Some lenders may consider education, career or income-growth factors when evaluating applications.
05
Loan Term & Type
Available terms and fixed or variable rate options can affect your monthly payment and total interest cost.
Refinancing vs. Federal Loans
Private student loan refinancing can cause you to lose federal student-loan protections.
Private student loan refinancing can cause you to lose federal student-loan protections.
Refinancing federal student loans with a private lender generally means giving up federal benefits such as income-driven repayment plans, certain deferment or forbearance options, and federal forgiveness programs.
Private refinancing and federal consolidation are different. Federal Direct Consolidation combines eligible federal loans into a new federal loan but generally does not lower the interest rate. Private refinancing replaces eligible existing loans with a private loan and may offer a different rate or repayment term, but refinancing federal loans can mean losing federal protections.
Important borrower considerations
Soft credit inquiry first
Rate checks may use a soft credit inquiry that does not affect your credit score. Submitting a formal application may result in a hard credit inquiry, depending on the lender.
Federal student-loan protections
Private student loan refinancing can cause you to lose federal student-loan protections such as income-driven repayment plans, deferment, forbearance, and forgiveness programs.
Refinancing vs. consolidation
Private refinancing and federal consolidation are different. Federal Direct Consolidation combines eligible federal loans into a new federal loan but generally does not lower the interest rate.
Answers before you check your rate
Compare available offers with no impact to your credit score
Student loan refinancing replaces one or more eligible existing student loans with a new private loan. Depending on the offer, you may receive a different interest rate, monthly payment or repayment term.
See what student loan refinancing options may be available to you
Share your email to get started and explore potential refinancing options based on your information.
