First Republic Bank Suspends Student Loan Refinance Program

Cecilia ClarkJune 29, 2020

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Got federal student loans?

Refinancing your loans privately means you give up current and potentially future COVID-19 relief.

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

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
Check RateCheck RateCheck Rate
Fixed APR

2.98 - 5.79%

Fixed APR

3.20 - 7.02%

Fixed APR

2.99 - 6.24%

Variable APR

1.99 - 5.64%

Variable APR

1.99 - 6.65%

Variable APR

1.99 - 6.24%

Min. Credit Score


Min. Credit Score


Min. Credit Score

Does not disclose

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

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