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AFRAID OF RISING RATES?

Refi student loans soon before rates rise.
Rates as low as:

3.99%

Variable Rate APR†

4.59%

Fixed Rate APR†

Start Now


✕



NOW’S THE TIME TO REFINANCE STUDENT LOANS

It’s never too late for savings. Save an average of $3,276† annually when you
combine and refinance your student loans into one easy payment





 * VARIABLE RATES
   
   3.99% - 11.08% APR†
   
   Get a potentially lower rate and lower monthly payments. The interest rate
   will fluctuate monthly, and therefore, your monthly payment amount will vary
   over time.
   
   Rate and repayment examples >
   
   Get Started


 * FIXED RATES
   
   4.59% - 11.28% APR†
   
   Your interest rate will remain constant over the life of your loan and your
   monthly payment amount will remain the same.
   
   Rate and repayment examples >
   
   Get Started


BENEFITS OF REFINANCING STUDENTS LOANS WITH CITIZENS


INTEREST RATE DISCOUNTS

Reduce your interest rate up to 0.50 percentage points when you refinance or
consolidate your student loans with a loyalty† and automatic payment discount†.


COSIGNERS WELCOME

Apply with a qualified cosigner to increase chances of approval or help secure a
lower interest rate. You can later apply to release them from the loan.†


FLEXIBLE PAYMENT OPTIONS

One convenient monthly payment for your student loans. Choose your loan
repayment term (5, 7, 10, 15 & 20 year options). Rate and Repayment Examples


READY TO APPLY

No application, origination or disbursement fees. No prepayment penalty. Federal
student loan payments are paused. Please consider benefits when refinancing your
student loans.
Learn More


GET YOUR RATE IN 2 MINUTES WITH NO IMPACT TO YOUR CREDIT SCORE*

Start Now
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© 2022 Citizens Financial Group, Inc. All rights reserved. Citizens is a brand
name of Citizens Bank, N.A. Member FDIC

† For additional information, please click the † symbols throughout this page to
view our student lending disclosures.


* IMPORTANT INFORMATION

Federal Loan vs. Private Loan Benefits: Some federal student loans include
unique benefits that the borrower may not receive with a private student loan,
some of which we do not offer. Borrowers should carefully review federal
benefits, especially if they work in public service, are in the military, are
considering possible loan forgiveness options, are currently on or considering
income based repayment options or are concerned about a steady source of future
income and would want to lower their payments at some time in the future. When
the borrower refinances, they waive any current and potential future benefits of
their federal loans. For more information about federal student loan benefits
and federal loan consolidation, visit https://studentaid.gov/. We also have
several resources available to help the borrower make a decision on
our website including Should I Refinance My Student Loans? and our FAQs. Should
I Refinance My Student Loans? includes a comparison of federal and private
student loan benefits that we encourage the borrower to review.

Average Savings: The average monthly and annual payment savings estimated amount
is based on 18,869 Citizens Education Refinance Loan customers who refinanced
their loans between March 1, 2021 and March 1, 2022 and who received a lower
payment. The calculation is derived by averaging the monthly payments prior to
refinancing minus the monthly payments after refinancing. Excluded are monthly
savings reported from customers that exceeded $9,375 or were lower than $20 to
minimize risk of data error skewing the savings amounts. Savings vary based on
interest rates, balances and remaining repayment term of loans to be refinanced.
Your overall repayment amount may be higher than the loans you are refinancing
even if your monthly payments are lower.

Education Refinance Loan Variable Rate Disclosure: Variable interest rates are
based on the 30-day average Secured Overnight Financing Rate (“SOFR”) index, as
published by the Federal Reserve Bank of New York. As of Oct 01, 2022, the
30-day average SOFR index is 2.38%. Variable interest rates will fluctuate over
the term of the loan with changes in the SOFR index, and will vary based on
applicable terms, level of degree and presence of a co-signer. The maximum
variable interest rate is the greater of 21.00% or the prime rate plus 9.00%.

Fixed Rate Disclosure: Fixed rate ranges are based on applicable terms, level of
degree, and presence of a cosigner. 

Lowest Rate Disclosure: Lowest rates are only available for the most
creditworthy applicants, require a 5-year repayment term, immediate repayment, a
graduate or medical degree (where applicable), and include our Loyalty and
Automatic Payment discounts of 0.25 percentage points each, as outlined in the
Loyalty Discount and Automatic Payment Discount disclosures. Rates are subject
to additional terms and conditions, and are subject to change at any time
without notice. Such changes will only apply to applications taken after the
effective date of change.

Education Refinance Loan Rate Disclosure: Variable interest rates range from
3.99%- 11.08% (3.99% - 11.08% APR). Fixed interest rates range from 4.59% -
11.28% (4.59%- 11.28% APR).

Loyalty Discount Disclosure: The borrower will be eligible for a 0.25 percentage
point interest rate reduction on their loan if the borrower or their cosigner
(if applicable) has a qualifying account in existence with us at the time the
borrower and their cosigner (if applicable) have submitted a completed
application authorizing us to review their credit request for the loan. The
following are qualifying accounts: any checking account, savings account, money
market account, certificate of deposit, automobile loan, home equity loan, home
equity line of credit, mortgage, credit card account, or other student loans
owned by Citizens Bank, N.A. Please note, our checking and savings account
options are only available in the following states: CT, DC, DE, FL, MA, MD, MI,
NH, NJ, NY, OH, PA, RI, VA, and VT and some products may have an associated
cost. This discount will be reflected in the interest rate disclosed in the Loan
Approval Disclosure that will be provided to the borrower once the loan is
approved. Limit of one Loyalty Discount per loan and discount will not be
applied to prior loans. The Loyalty Discount will remain in effect for the life
of the loan.

Automatic Payment Discount Disclosure: Borrowers will be eligible to receive a
0.25 percentage point interest rate reduction on their student loans owned by
Citizens Bank, N.A. during such time as payments are required to be made and our
loan servicer is authorized to automatically deduct payments each month from any
bank account the borrower designates. Discount is not available when payments
are not due, such as during forbearance. If our loan servicer is unable to
successfully withdraw the automatic deductions from the designated account three
or more times within any 12-month period, the borrower will no longer be
eligible for this discount.

Cosigner Release: Borrowers may apply for cosigner release after making 36
consecutive on-time payments of principal and interest. For the purpose of the
application for cosigner release, on-time payments are defined as payments
received within 15 days of the due date. Interest only payments do not qualify.
The borrower must meet certain credit and eligibility guidelines when applying
for the cosigner release. Borrowers must complete an application for release and
provide income verification documents as part of the review. Borrowers who use
deferment or forbearance will need to make 36 consecutive on-time payments after
reentering repayment to qualify for release. The borrower applying for cosigner
release must be a U.S. citizen or permanent resident. If an application for
cosigner release is denied, the borrower may not reapply for cosigner release
until at least one year from the date the application for cosigner release was
received. Terms and conditions apply. Borrowers whose loans were funded prior to
reaching the age of majority may not be eligible for cosigner
release. Note: cosigner release is not available on the Student Loan for Parents
or Education Refinance Loan for Parents.

Get My Rate: Selecting “Get My Rate” only requires a "soft credit pull" which
does not affect your credit score. Submitting a full application will result in
an inquiry on your credit report.

 


FICO is a registered trademark of Fair Isaac Corporation in the United States
and other countries.
Rates and offer subject to change. All accounts, loans and services subject to
individual approval. Member FDIC.
Citizens corporate headquarters: One Citizens Plaza, Providence, RI 02903

 






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