First Republic Bank Suspends Student Loan Refinance Program

Mar 23, 2021

Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money.

Forbearance is ending soon
Federal student loan payments restart on May 2, 2022. Consider all options before you refi.

First Republic Bank stopped offering its dedicated student loan refinancing program in May 2020. It now offers a personal line of credit — a type of personal loan you can use to pay off student loans, as well as car loans and credit card debt.

The bank will continue to service its existing refinanced student loans. Historically, First Republic Bank offered fixed-rate student loan refinancing to very well-qualified borrowers — those with excellent credit scores and robust savings. Those who met First Republic’s requirements could benefit from low rates and access to a dedicated relationship manager.

Personalized service was a differentiator for First Republic's student loan refinancing, and the bank still prides itself on relationship-based service for its new personal line of credit product.

First Republic does business in seven states: California, Oregon, Massachusetts, Florida, Connecticut, New York and Wyoming.

If you're interested in refinancing student loans, consider these lenders:

Earnest Student Loan Refinance
Laurel Road Student Loan Refinance
SoFi Student Loan Refinance
NerdWallet rating 
NerdWallet rating 
NerdWallet rating 
Check RateCheck RateCheck Rate
Fixed APR

2.44-5.79%

Fixed APR

2.50-6.00%

Fixed APR

2.49-6.94%

Variable APR

1.74-5.64%

Variable APR

1.89-5.90%

Variable APR

1.74-6.59%

Min. Credit Score

650

Min. Credit Score

660

Min. Credit Score

650

Or compare student loan refinance lenders by category to find the right one for you:

Spot your saving opportunities
See your spending breakdown to show your top spending trends and where you can cut back.