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Home / Student Loans / Student Loan Refinance / Best Student Loan Refinance
Lenders In 2024


BEST STUDENT LOAN REFINANCE LENDERS IN 2024

Updated: December 17, 2024 By Robert Farrington | 22 Min Read

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When you refinance student loans, you're taking out a new private student loan
to replace your existing student loans.

It can be super confusing to know what the best option is to refinance or
consolidate your student loan debt. There are so many different lenders and
banks - along with just as many programs - that it can be overwhelming.

Before we begin, it's important to understand the key differences:

Finance


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 * Student Loan Refinancing - Getting a new private student loan to replace your
   existing loan and/or loans.
 * Student Loan Consolidation - Combining multiple Federal loans into one loan.

With all the student loan refinancing companies we're going to discuss, you can
refinance and/or consolidate. You can also do some of your loans or all your
loans. 

Also, refinancing student loans might not make sense for everyone. In general,
you shouldn't refinance federal student loans unless you can afford paying your
loans on the standard 10 year plan. But, if you can afford, refinancing can make
a lot of sense financially, especially if you have a high credit score.

With that in mind, let's dive into the best student loan refinance companies and
options!


EXCELLENT PLACES TO REFINANCE STUDENT LOANS

Student Loan Refinancing Rates: The refinancing rates below are updated daily.
The lowest rates are usually for shorter loan-terms, variable rates, those with
high credit scores, and low debt-to-income ratios. 

Lender Name

APR

Get Started




Variable Rate

4.70% - 13.44%

Fixed Rate

3.85% - 12.10%


GET A QUOTE

Get up to a $1,000 gift card bonus via Credible!




Variable Rate

6.52% - 13.45%

Fixed Rate

5.89% - 12.11%


GET A QUOTE

Via Credible

Get up to a $1,000 gift card bonus via Credible!




Variable Rate

6.99% - 13.99%

Fixed Rate

6.99% - 13.99%


GET A QUOTE



Variable Rate

5.89% - 9.74%

Fixed Rate

4.29% - 9.74%


GET A QUOTE



Variable Rate

4.86% - 8.49%

Fixed Rate

4.88% - 8.44%


GET A QUOTE

Get up to a $1,100 bonus!




Variable Rate

5.29% - 9.20%

Fixed Rate

4.99% - 8.90%


GET A QUOTE

Get up to a $200 bonus!⁺




Variable Rate

N/A

Fixed Rate

4.89% - 9.04%


GET A QUOTE

Get up to a $750 bonus!




Variable Rate

N/A

Fixed Rate

6.20% - 8.99%


GET A QUOTE

Via Credible

Get up to a $1,000 gift card bonus via Credible!




Variable Rate

5.99% - 9.99%

Fixed Rate

4.49% - 9.99%


LEARN MORE



Variable Rate

4.86% - 9.99%¹

Fixed Rate

4.39% - 9.99%¹


GET A QUOTE

Get up to a $500 bonus!




Variable Rate

4.99%+

Fixed Rate

3.59%+


GET A QUOTE

Lender Name

APR




GET A QUOTE

Get up to a $1,000 gift card bonus!

Variable Rate

4.70% - 13.44%

Fixed Rate

3.85% - 12.10%




GET A QUOTE

Get up to a $1,000 gift card bonus via Credible!

Variable Rate

6.52% - 13.45%

Fixed Rate

5.89% - 12.11%




GET A QUOTE

Variable Rate

6.99% - 13.99%

Fixed Rate

6.99% - 13.99%




GET A QUOTE

Variable Rate

5.89% - 9.74%

Fixed Rate

4.29% - 9.74%




GET A QUOTE

Get up to a $1,100 bonus!

Variable Rate

4.86% - 8.49%

Fixed Rate

4.88% - 8.44%




GET A QUOTE

Get up to a $200 bonus!⁺

Variable Rate

5.29% - 9.20%

Fixed Rate

4.99% - 8.90%




GET A QUOTE

Get up to a $750 bonus!

Variable Rate

N/A

Fixed Rate

4.89% - 9.04%




GET A QUOTE

Get up to a $1,000 gift card bonus via Credible!

Variable Rate

N/A

Fixed Rate

6.20% - 8.99%




LEARN MORE

Variable Rate

5.99% - 9.99%

Fixed Rate

4.49% - 9.99%




GET A QUOTE

Get up to a $500 bonus!

Variable Rate

4.86% - 9.99%

Fixed Rate

4.39% - 9.99%




GET A QUOTE

Variable Rate

4.99%+

Fixed Rate

3.59%+


1. CITIZENS BANK

Citizens Bank is one of the few banks on this list. We like them because they
offer a lot of great loan options, backed by the stability of a bank. 

Here are a few of the highlights:

 * 5-, 7-, 10-, 15- and 20- year repayment term options
 * Fixed and variable rate loans options
 * No application, origination, or disbursement fees
 * Interest rate discounts available through loyalty programs

Furthermore, Citizens Bank has a release program where a co-signer may be
removed from loan responsibility after making 36 consecutive, on-time principal
and interest payments. 

Lastly, there is a $10,000 minimum loan amount so this might not work for a
borrower with a low loan balance.

Read our full Citizens Bank review.

Apply Now At Citizens Bank via Credible >>

Citizens Bank Details

Product Name

Citizens Bank Student Loan Refinancing

Min Loan Amount

$10,000

Max Loan Amount

$500,000

Fixed Rate APR

5.89% - 12.11% APR

Variable Rate APR

6.52% - 13.45% APR

Loan Terms

5, 7, 10, 15, 20 Year

Promotions

$1,000 Gift Card via Credible



Apply Now

Get up to a $1,000 gift card bonus when you refinance at Citizens through
Credible.


2. COLLEGE AVE

College Ave offers both private student loans and student loan refinancing.
Their private student loans allow some interesting repayment options, such as an
interest-only payment, a deferred payment, and a fixed rate payment. And
existing borrowers can refinance a loan as low as $5,000 or as much as $300,000
depending on their degree type.

Read our full College Ave review.

Apply Now At College Ave >>

College Ave Details

Product Name

College Ave Student Loan Refinancing

Min Loan Amount

$5,000

Max Loan Amount

$150,000 or $300,000 (depending on degree)

Fixed Rate APR

6.99% - 13.99% APR

Variable Rate APR

6.99% - 13.99% APR

Loan Terms

5 to 20 Years

Promotions

None



Apply Now


3. EARNEST

Earnest is on this list because it's one of the most flexible student loan
refinancing companies - they offer the ability to pick any monthly payment and
term between 5 to 20 years – saving you more than standard rates and terms.

They also give you the ability to change your loan – you can refinance your loan
for free, change payment dates, even skip a payment once a year and make it up
later.

Earnest has no set income requirements for borrowers. They are also fee-free,
and offer unemployment protection to pause your monthly payments if you lose
your job. Also, Earnest is one of the few lenders that will allow you to
refinance even if you didn't finish your bachelor's or associate degree
(assuming you meet their other lending criteria).

Read our full Earnest review.

Apply Now At Earnest >>

Earnest Details

Product Name

Earnest Student Loan Refinancing

Min Loan Amount

$5,000

Max Loan Amount

$500,000

Fixed Rate APR

4.29% - 9.74% APR

Variable Rate APR

5.89% - 9.74% APR

Loan Terms

5, 7, 10, 15, 20 Year

Promotions

None



Apply Now


4. ELFI

Whether you’re trying to refinance existing student loans at low interest rates,
or you're a parent looking to refinance a Parent PLUS Loan into your child's
name, ELFI is one of the best lenders out there. 

The ELFI loan minimum is $10,000 for refinancers, with the maximum being your
outstanding loan balance. This can be a huge win for borrowers with high student
loan debt, especially doctors. 

ELFI doesn’t have specific credit minimums posted, but they do require borrowers
to be creditworthy (or have a creditworthy cosigner). One of the few downsides
of ELFI, however, is that it's one of the few lenders on this list that does not
offer a cosigner release program.

ELFI is offering an awesome bonus to our readers:

 * A $1,100 bonus when you refinance at least $100,000 in student loans!
 * A $550 bonus when you refinance less than $100,000 but at least $50,000 in
   student loans!

Check out ELFI and get started >>

Read our full ELFI review.

ELFI Details

Product Name

ELFI Student Loan Refinancing

Min Loan Amount

$10,000

Max Loan Amount

No Maximum

Fixed Rate APR

4.88% - 8.44% APR

Variable Rate APR

4.86% - 8.49% APR

Loan Terms

5, 7, 10, 15, and 20 Years

Promotions

Up to $1,100 Bonus



Apply Now

Get up to a $1,100 bonus when you refinance with ELFI.


5. LAUREL ROAD

Laurel Road is perhaps best suited for medical and dental graduates, but they
have student loan refinancing options for any borrower.

One of the things we really like about them is that they're one of the few
lenders that offer special payment options for medical residents. Currently, you
could pay as little $100 per month towards your loans that you've refinance with
Laurel Road while you're in residency.

Plus, if you refinance through Laurel Road, apply through this link for a $200
bonus!

Read our full Laurel Road review.

Apply Now At Laurel Road >>

Laurel Road Details

Product Name

Laurel Road Student Loan Refinancing

Min Loan Amount

$5,000

Max Loan Amount

Total Loan Amount

Fixed Rate APR

4.99% - 8.90% APR

Variable Rate APR

5.29% - 9.20% APR

Loan Terms

5, 7, 10, 15, and 20 Years

Promotions

$200 Bonus



Apply Now

Get up to a $200 bonus when you refinance through Laurel Road.⁺


6. LENDKEY

LendKey is a student loan refinancing lender that pools money from community
banks and credit unions to offer well-priced student loans to borrowers.

LendKey offers loans between $5,000 and $300,000, depending on the degree earned
by the loan holder. For example, the lowest amount is for undergraduate degrees,
which caps at $125,000. LendKey recently changed to only offer fixed-rate
student loans.

LendKey bases its rates upon your credit and discounts are given for auto-pay.
They also have no origination or prepayment fees. One thing to note: LendKey
does not allow refinancing for borrowers who didn't graduate.

If you're considering LendKey, you can get a $300 bonus for refinancing loans
under $150,000, and a $750 bonus if you refinance loans over $150,000! You must
apply through our site to get your bonus >>

Read our full LendKey review.

Apply Now At LendKey >>

LendKey Details

Product Name

LendKey Student Loan Refinancing

Min Loan Amount

$5,000

Max Loan Amount

$300,000

Fixed Rate APR

4.89% - 9.04% APR

Variable Rate APR

N/A

Loan Terms

5, 7, 10, 15, 20 Year

Promotions

Up to $750 Bonus



Apply Now

Get up to a $750 bonus when you refinance through LendKey.


7. MEFA

MEFA is a non-profit lender (also known as Massachusetts Educational Financing
Authority). MEFA offers simple fixed interest rate student loan refinancing.

MEFA is one of the few lenders that will allow you to refinance your student
loans while you're still in school. They also offer a graduated student loan
repayment plan on your loans.

Of course, they also don't charge any origination fees or have prepayment
penalties (if you're looking to pay off your loans early).

MEFA is on the Credible marketplace, which means that you can get up to a $1,000
gift card bonus if your loan is approved and funded.

Read our full MEFA review.

Apply Now At MEFA via Credible >>

MEFA Details

Product Name

MEFA

Min Loan Amount

$10,000

Max Loan Amount

Total Outstanding Debt

Fixed Rate APR

6.20% - 8.99% APR

Variable Rate APR

N/A

Loan Terms

7, 10, or 15 years

Promotions

Up To $1,000 Gift Card via Credible



Apply Now

Get up to a $1,000 gift card bonus when you refinance at MEFA through Credible.


8. SOFI

SoFi is another of the original student loan refinancing lenders - and probably
the most well known. They offer a wide variety of fixed rate and variable rate
loans, with 5, 7, 10, 15, 20 year repayment terms. SoFi even offers mortgages.

SoFi loans have no origination fees or prepayment penalties. SoFi also offers
unemployment protection for borrowers and even has a career support program.

To get the best rates, you have to have excellent credit or you'll have to have
a cosigner for your loan. SoFi does have a cosigner release program. 

Read our full SoFi review.

SoFi Details

Product Name

SoFi Student Loan Refinancing

Min Loan Amount

$5,000

Max Loan Amount

No Max Loan Amount

Fixed Rate APR

4.49% - 9.99% APR

Variable Rate APR

5.99% - 9.99% APR

Loan Terms

5, 7, 10, 15, 20 Year

Promotions

None




9. SPLASH FINANCIAL

Splash Financial is a marketplace filled with banks and credit unions looking to
help people refinance their student loans.

Splash Financial offers student loans with no original fees and unique repayment
options. For example, they're one of the few lenders that allow spouses to
refinance together.

They offer loans between $5,000 and no maximum. They also have some of the most
competitive rates for qualified borrowers. Repayment term options and available
borrower protections will vary depending on the specific lender that you choose
from the Splash Financial marketplace.

The great thing about Splash Financial is that they offer one of the best
bonuses currently available! You can get a $500 bonus if you refinance at least
$50,000. 

Read our full Splash Financial review.

Apply Now At Splash >>

Splash Financial Details

Product Name

Splash Student Loan Refinancing

Min Loan Amount

$5,000

Max Loan Amount

No Max Loan Amount

Fixed Rate APR

4.39% - 9.99% APR¹

Variable Rate APR

4.86% - 9.99% APR¹

Loan Terms

5 - 25 Years²

Promotions

Up to $500 Bonus⁴



Apply Now

Get up to a $500 bonus when you refinance through Splash.


10. STUDENT CHOICE

Student Choice is a platform that connects student loan borrowers with credit
unions that offer student loan refinance loans. They work with a network of 225+
credit unions, and as a result, they can offer some of the lowest student loan
rates on the market.

Student Choice offers loans up to $250,000, with the potential for very low
APRs. When you start the process on their website, they'll take your application
and "shop" it to their network of credit unions, who will then make you a
customized loan offer.

The result for you, as the borrower, is the potential for very low rates.

Read our full Student Choice review.

Apply Now At Student Choice >>

Student Choice Details

Product Name

Student Choice Student Loan Refinancing

Min Loan Amount

$5,000

Max Loan Amount

$250,000

Fixed Rate APR

3.59%+ APR

Variable Rate APR

4.99%+ APR

Loan Terms

Varies by Lender

Promotions

None



Apply Now


BEST STUDENT LOAN REFINANCING RATES

Student loan refinancing rates vary quite a bit. You'll likely see a rate
quoted, but that doesn't necessarily mean you'll qualify for the top rate.

To get the best rate, you typically have to have a credit score over 800, a
great debt-to-income ratio, and looking to refinance a loan for a period of time
of 3 years. Some other requirements may include signing up for autopay (direct
debit), and taking out a variable rate loans.

Right now, the best student loan refinancing rates are 3.85% - 13.60% APR. 


THE REQUIREMENTS TO REFINANCE STUDENT LOANS

The requirements to refinance student loans are a bit different than when you
took out your loans. For federal loans, you simply had to fill out the FAFSA.
With some graduate school loans (such as medical school loans), you might have
had to have a credit check beyond the FAFSA.

However, with private student loan refinancing, the requirements are more like
getting a car loan or mortgage.

Lenders will typically look at:

 * 
   You Credit Score
 * 
   Your Annual Income (or potential annual income for doctors)
 * 
   Savings and Other Assets
 * 
   Degree Type and College

If you don't meet all of these requirements, you might need to get a cosigner
for your loan. Read this full guide on how to get a student loan with no
cosigner. 

Credible does offer loans with no cosigner for qualifying candidates. 

WHAT CREDIT SCORE DO I NEED TO REFINANCE STUDENT LOANS?

There is no specific credit score that is required to refinance student loans -
but most lenders want to see 600 or higher. However, the better your credit
score, the better rate and terms you can qualify for. 

To get the lowest advertised rates, most lenders will want to see a credit score
about 750 or even 775. 


THINGS TO CONSIDER WHEN REFINANCING

When you're looking at the best banks and places to refinance student loans,
there are quite a few considerations. Every bank or student loan lender has it's
unique perk or angle, and you have to take that into consideration when weighing
your options.

However, in general, the big things to consider when refinancing your student
loans include:

 * 
   Variable Rate vs. Fixed Rate (check out our variable rate student loan
   calculator)
 * 
   Interest Rate
 * 
   Loan Term/Length
 * 
   Fees
 * 
   Lending Amount (Minimum and Maximum)
 * 
   Credit Score Requirement
 * 
   Income Requirement 
 * 
   Cosigner Release
 * 
   Perks and Benefits (such as unemployment protection, career guidance, and
   more)

IS IT A GOOD IDEA TO REFINANCE A STUDENT LOAN?

Refinancing your student loans can lead to lower interest rates, ultimately
saving you money over the life of the loan. However, according to the U.S.
Department of Education's Federal Student Aid website, refinancing may lose you
access to benefits you get with federal loans. 

While there is no "right" or "wrong" loan type when it comes to your individual
situation, we believe that most borrowers would benefit from a student loan
refinance loan that is only 5-7 years. Borrowers should look for loans that have
no origination fees, and if a cosigner is required, there should be an easy
cosigner release process.

However, every person has different needs and a different situation. Think about
your loan needs accordingly.

WHEN IS THE BEST TIME TO REFINANCE STUDENT LOANS?

The best time to refinance your student loans is before you “need” to. What do I
mean by this?

A lot of people wait until they can’t afford their debt, and then look for
options to refinance.

If you’re considering student loan refinancing, your credit score plays a big
role in whether you’ll qualify or not. If you start missing loan payments, your
credit score will drop and you might not qualify (or you might need a cosigner).

So, there are two times when I think you should look at student loan
refinancing:

 1. Immediately after graduation
 2. If the interest rate drops by 1% or more

Immediately after graduation is the best time to simply get everything in order.
If you have multiple loans, you can refinance them into one. You can also
refinance into a payment plan that might be more affordable.

Second, you should revisit your loans once a year. If the interest rate has
dropped by more than 1%, it can save you a lot of money to refinance your loans.
Just make sure that you’re not adding too much to the length of the loan when
you do this. 

HOW STUDENT LOAN REFINANCING IS DIFFERENT FROM STUDENT LOAN CONSOLIDATION

Student loan refinancing is different from student loan consolidation, but many
people use the terms interchangeably and it can be confusing.

Student loan consolidation is a special program offered by the Department of
Education to simply combine all your Federal student loans into a single Federal
student loan. Student loan consolidation only applies to Federal student loans,
and it’s a free program. Learn more about student loan consolidation here.

Student loan refinancing is the process of taking out a private loan to replace
your other student loans. This term gets confused for consolidation because many
people consolidate multiple private loans into one new loan.  You can refinance
both private and Federal loans, so that adds another level of confusion to the
term.

If you have Federal loans, you typically want to consolidate. If you have
private loans, you typically want to refinance.

CAN YOU REFINANCE PRIVATE LOANS?

So you can refinance other private loans you already have? Absolutely. Student
loan refinancing originated by simply refinancing other private student loans.
Think of it like refinancing your mortgage on your house.

If interest rates drop enough, you could save a lot of money by refinancing your
loans.

Also, remember what we said earlier – if you can’t afford your private loan
payment, you can’t simply call and get it changed. You need a new loan. That’s
where student loan refinancing comes into play.

However, before you think you can refinance all the time, you need to make sure
your loans allow it. Check to see if your private student loans have any type of
prepayment penalties. Some loans don’t allow you to refinance for at least a
year, and charge penalties if you attempt to do so. 

CAN YOU REFINANCE FEDERAL LOANS?

If you have Federal loans, you might be looking at your interest rate of 6.8%
and wondering if student loan refinancing makes sense for you.

Yes, you can refinance your Federal student loans, but you should only do it in
one specific scenario.  We put together a step by step process that shows you
when exactly you should consider refinancing your Federal student loans. 

As always, remember that a private loan will now replace your Federal loans, so
really make sure you read our guide.

What About Parent PLUS Loans?

Parent PLUS Loans are some of the worst student loans you can get. These loans
are in the parent's name, but were taken out on behalf of the student.

Refinancing a parent PLUS loan is one of the best ways that you can save money.
Read our full guide to Parent PLUS Loans here.

What About Spousal Consolidation Loans?

Spousal consolidation loans take the cake as the worst type of student loan.
This loan is even harder to deal with than PLUS Loans, and so bad, the
government even stopped allowing them. If you're stuck with a spousal
consolidation loan, you need to find a lender that will work with you. 

The only national lender we've seen that handles these is Splash Financial. 

CAN YOU REFINANCE MULTIPLE LOANS TOGETHER? 

Yes, you can refinance multiple individual loans into one new loan. As we
mentioned above, this is where some confusion arises because people mistake
consolidating your loans with the process of Student Loan Consolidation.

If you have multiple private student loans, it can simplify things to have a
single loan to make payments on. If you have Federal and private student loans,
I don’t recommend combining them unless you’ve read our Federal student loan
refinancing guide and are positive you’re never going to need the benefits of
your Federal loans. 

CAN YOU REFINANCE MORE THAN ONCE? 

What happens if you refinance today, and next year interest rates drop again?
Well, you can typically refinance again and again, as long as your student loan
doesn’t have any type of prepayment penalty or prohibition.

Just remember too that your loan term will continue to expand out if you keep
refinancing into new loans. Some lenders like Earnest offer very flexible
repayment terms, but most stick to the standards of 10, 15, or 20 years. 


FINAL THOUGHTS

Student loan refinancing isn't for everyone. However, if you're able to afford
your loans on the standard 10-year repayment plan, and don't plan to take
advantage of any student loan forgiveness program, then you should strongly
consider student loan refinancing. 

These are the top student loan refinancing companies, and you'll strongly
benefit from comparing your options amongst these lenders. Also, make sure that
you're always paying attention to our list of the best student loan refinancing
bonus offers.

To make it easy, we recommend using Credible. Try Credible and compare your
options in 2 minutes. As a bonus, College Investor readers get a $1,000 gift
card bonus if they complete a refinance!

If you're not quite sure where to start or what to do, consider hiring a CFA to
help you with your student loans. We recommend The Student Loan Planner to help
you put together a solid financial plan for your student loan debt. Check
out The Student Loan Planner here.

If you love one of these companies - let us know and help other readers out!

METHODOLOGY AND HOW WE SELECTED THE BEST REFINANCING LENDERS

This guide to student loan refinancing rates is designed for anyone with private
student loans and federal student loans who are looking to refinance their
existing loans to get a lower rate. 

If you have federal student loans, it typically doesn't make sense to refinance.
However, in the rare case that you're going to be paying off your loans in a
short period of time, and you don't qualify for any type of student loan
forgiveness program, then refinancing to save on interest can make sense.

If you have private student loans, then you should be checking your rates at
least annually to see if you can save money by refinancing.

We have been actively writing about and covering student loans since 2009.
Myself and the team here at The College Investor have been actively tracking
student loan providers since 2015 and have reviewed, tested, and followed almost
every provider and lender in the space.

Furthermore, our compliance team reviews the rates and terms on these listing
every weekday to ensure they are accurate. That way you can be sure you're
looking at an accurate and up-to-date rate when you're comparison shopping. 

The College Investor is dedicated to helping you make informed decisions around
complex financial topics like finding the best student loan refinancing offers.
We do this by providing unbiased reviews of the top banks and lenders for our
readers, and then we aggregate those choices into this list.

We have picked student loan refinancing lenders based on our opinions of how
easy they are to use, their interest rates, any bonuses provided, and a variety
of other factors. We believe that our list accurately reflects the best student
loan refinancing options in the marketplace for consumers.

Note: Annual percentage rates (APRs) shown are as of December 26, 2024. The
College Investor's team updates this information regularly, typically
Monday-Friday. Rates may have changed since they were last updated and may vary
by region for some products.

The refinancing offers that appear on this site are from companies from which
The College Investor receives compensation. This compensation may impact how and
where products appear on this site (including, for example, the order in which
they appear - but we currently keep lenders alphabetical). The College Investor
does not include all student loan companies or all student loan offers available
in the marketplace.

DISCLAIMERS

Earnest

Earnest Loans are made by Earnest Operations LLC or One American Bank, Member
FDIC. or FinWise Bank, Member FDIC. Earnest Operations LLC, NMLS #1204917. 535
Mission St., Suite 1663, San Francisco, CA 94105. California Financing Law
License 6054788. Visit www.earnest.com/licenses for a full list of licensed
states. For California residents: Loans will be arranged or made pursuant to a
California Financing Law License. One American Bank, 515 S. Minnesota Ave, Sioux
Falls, SD 57104. FinWise Bank, 756 East Winchester, Suite 100, Murray, UT 84107.

Earnest loans are serviced by Earnest Operations LLC, 535 Mission St., Suite
1663 San Francisco, CA 94105, NMLS #1204917, with support from Higher Education
Loan Authority of the State of Missouri (MOHELA) (NMLS# 1442770). One American
Bank, FinWise Bank, and Earnest LLC and its subsidiaries, including Earnest
Operations LLC, are not sponsored by agencies of the United States of America.


Actual rate and available repayment terms will vary based on your income. Fixed
rates range from 4.20% APR to 9.99% APR (excludes 0.25% Auto Pay discount).
Variable rates range from 6.14% APR to 9.99% APR (excludes 0.25% Auto Pay
discount). Earnest variable interest rate student loan refinance loans are based
on a publicly available index, the 30-day Average Secured Overnight Financing
Rate (SOFR) published by the Federal Reserve Bank of New York. The variable rate
is based on the rate published on the 25th day, or the next business day, of the
preceding calendar month, rounded to the nearest hundredth of a percent. The
rate will not increase more than once per month. The maximum rate for your loan
is 8.95% if your loan term is 10 years or less. For loan terms of more than 10
years to 15 years, the interest rate will never exceed 9.95%. For loan terms
over 15 years, the interest rate will never exceed 11.95%. Please note, we are
not able to offer variable rate loans in AK, IL, MN, NH, OH, TN, and TX. Our
lowest rates are only available for our most credit qualified borrowers and
contain our .25% auto pay discount from a checking or savings account.


nmlsconsumeraccess.org

© 2024 Earnest LLC. All rights reserved.

Laurel Road

Laurel Road rates as of 12/26/2024. Rates subject to change. Terms and
Conditions apply. All products subject to credit approval.

Splash Financial

See disclaimers at: https://www.splashfinancial.com/disclaimers/

Splash Financial, Inc. (NMLS #1630038), licensed by the DFPI under California
Financing Law, license # 60DBO-102545

Terms and Conditions apply. Splash reserves the right to modify or discontinue
products and benefits at any time without notice. Products may not be available
in all states. Rates and terms are subject to change at any point prior to
application submission. The information you provide is an inquiry to determine
whether Splash’s lending partners can make you a loan offer. To qualify, a
borrower must be a U.S. citizen or other eligible status and meet lender
underwriting requirements. Lowest rates are reserved for the highest qualified
borrowers and may require an autopay discount of 0.25%. Splash does not
guarantee that you will receive any loan offers or that your loan application
will be approved. If approved, your actual rate will be within a range of rates
and will depend on a variety of factors, including term of loan,
creditworthiness, income and other factors. This information is current as of
June 5, 2023. You should review the benefits of your federal student loan; it
may offer specific benefits that a private refinance/consolidation loan may not
offer. If you work in the public sector, are in the military or taking advantage
of a federal department of relief program, such as income-based repayment or
public service forgiveness, you may not want to refinance, as these benefits do
not transfer to private refinance/consolidation loans.

1Autopay Discount. Rates listed include a 0.25% autopay discount.

Annual Percentage Rate (APR) is the cost of credit calculating the interest
rate, loan amount, repayment term and the timing of payments. Fixed APR options
range from 4.96% (with autopay) to 11.24% (without autopay). Variable APR
options range from 4.99% (with autopay) to 11.14% (without autopay). Variable
rates are derived by adding a margin to the 30-day average SOFR index, published
two business days preceding such calendar month, rounded up to the nearest one
hundredth of one percent (0.01% or 0.0001).

2Payment Disclosure. Fixed loans feature repayment terms of 5 to 20 years. For
example, the monthly payment for a sample $10,000 with an APR of 5.47% for a
12-year term would be $94.86. Variable loans feature repayment terms of 5 to 25
years. For example, the monthly payment for a sample $10,000 with an APR of
5.90% for a 15-year term would be $83.85.

3Credit Pull Disclosure. To check the rates and terms you qualify for, Splash
Financial conducts a soft credit pull that will not affect your credit score.
However, if you choose a product and continue your application, the lender will
request your full credit report from one or more consumer reporting agencies,
which is considered a hard credit pull and may affect your credit.

4Bonus Disclosure. Terms and conditions apply. Offer is subject to lender
approval. To receive the offer, you must: (1) be refinancing over either
$50,000, $100,000 or $200,000 in student loans depending on the channel partner
that is providing the bonus offer (2) register and/or apply through the referral
link you were given; (3) complete a loan application with Splash Financial; (4)
have and provide a valid US address to receive bonus; (5) and meet Splash
Financial’s underwriting criteria. Once conditions are met and the loan has been
disbursed, you will receive your welcome bonus via a check to your submitted
address within 90-120 calendar days. Bonuses that are not redeemed within 180
calendar days of the date they were made available to the recipient may be
subject to forfeit. Bonus amounts of $600 or greater in a single calendar year
may be reported to the Internal Revenue Service (IRS) as miscellaneous income to
the recipient on Form 1099-MISC in the year received as required by applicable
law. Recipient is responsible for any applicable federal, state or local taxes
associated with receiving the bonus offer; consult your tax advisor to determine
applicable tax consequences. Splash reserves the right to change or terminate
the offer at any time with or without notice. Bonus Offer is for new customers
only.



Robert Farrington

Robert Farrington is America’s Millennial Money Expert® and America’s Student
Loan Debt Expert™, and the founder of The College Investor, a personal finance
site dedicated to helping millennials escape student loan debt to start
investing and building wealth for the future. You can learn more about him on
the About Page or on his personal site RobertFarrington.com.

He regularly writes about investing, student loan debt, and general personal
finance topics geared toward anyone wanting to earn more, get out of debt, and
start building wealth for the future.

He has been quoted in major publications, including the New York Times, Wall
Street Journal, Washington Post, ABC, NBC, Today, and more. He is also a regular
contributor to Forbes.




Editor: Colin Graves Reviewed by: Mark Kantrowitz

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Editorial Disclaimer: Opinions expressed here are author’s alone, not those of
any bank, credit card issuer, airlines or hotel chain, or other advertiser and
have not been reviewed, approved or otherwise endorsed by any of these entities.
Comment Policy: We invite readers to respond with questions or comments.
Comments may be held for moderation and are subject to approval. Comments are
solely the opinions of their authors'. The responses in the comments below are
not provided or commissioned by any advertiser. Responses have not been
reviewed, approved or otherwise endorsed by any company. It is not anyone's
responsibility to ensure all posts and/or questions are answered.

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FEATURED LENDER REVIEWS

>  Credible (recommended)
>  Splash (recommended)
>  CU Select (recommended)
>  Ascent
>  ELFI
>  College Ave
>  Earnest


PAYING FOR COLLEGE

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NAVIGATING REPAYMENT

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STUDENT LOAN REFINANCE

 * Best Student Loan Refinance Companies
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 * How To Refinance An International Student Loan
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MORE ON STUDENT LOANS

 * Student Loan Debt Statistics
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 * What Should You Do With Your Old FFELP Loans?
 * How To Get A Refund Of Your Federal Student Loan Payments

Ready to get out of student loan debt?

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