Banks That Refinance Student Loans

Qualifications

• Typical credit score of approved borrowers or co-signers: 690 or higher.
• Loan amounts: $10,000 to $500,000.
• Must have a degree: No.

Available Term Lengths

• 5, 10, 15 or 20 years

Disclaimer: Variable rate, based on the one-month London Interbank Offered Rate ("LIBOR") published in The Wall Street Journal on the twenty-fifth day, or the next business day, of the preceding calendar month. As of July 1, 2019, the one-month LIBOR rate is 2.40%. Variable interest rates range from 2.60%- 9.64% (2.60%-9.64% APR)and will fluctuate over the term of the borrower's loan with changes in the LIBOR rate, and will vary based on applicable terms, level of degree earned and presence of a co-signer. Fixed interest rates range from 3.59%-9.99% (3.59% - 9.99% APR) based on applicable terms, level of degree earned and presence of a co-signer. Lowest rates shown are for eligible, creditworthy applicants with a graduate level degree, require a 5-year repayment term and include our Loyalty discount and Automatic Payment discounts of 0.25 percentage points each, as outlined in the Loyalty and Automatic Payment Discount disclosures. The maximum variable rate on the Education Refinance Loan is the greater of 21.00% or Prime Rate plus 9.00%. Subject to additional terms and conditions, and rates are subject to change at any time without notice. Such changes will only apply to applications taken after the effective date of change. Please note: Due to federal regulations, Citizens One is required to provide every potential borrower with disclosure information before they apply for a private student loan. The borrower will be presented with an Application Disclosure and an Approval Disclosure within the application process before they accept the terms and conditions of their loan.

Qualifications

• Typical credit score of approved borrowers or co-signers: 748.
• Loan amounts: $1,000 up to the total cost of attendance.
• Must have a degree: No.

Available Term Lengths

• 15 or 20 years

Qualifications

• Typical credit score of approved borrowers or co-signers: 774.
• Loan amounts: $15,000 up to your total outstanding loan balance.
• Must have a degree: Yes, at least a bachelor’s degree.

Available Term Lengths

• 5, 7, 10 or 15 years

Disclaimer: Annual Percentage Rate. Rates effective as of February 15, 2019, and are subject to change. Borrower must open a First Republic ATM Rebate Checking account ("Account"). Terms and conditions apply to the Account. If the Account is closed, the rate will increase by 5.00%. Rates shown include relationship-based pricing adjustments of: (1) 2.00% for maintaining automatic payments and direct deposit with the Account; (2) 0.50% for depositing and maintaining a deposit balance equal to the greater of 10% of the approved loan amount or $5,000 into the Account; and (3) an additional 0.25% for depositing and maintaining a deposit balance equal to the greater of 20% of the approved loan amount or $10,000 into the Account. Payment example for a loan amount of $100,000. 5-year/60 monthly payments of $1750.59 at 1.95% APR. 7-year/84 monthly payments of $1310.10 at 2.75% APR. 10-year/120 payments of $991.21 at 3.55% APR. 15-year/180 payments of $737.19 at 3.95% APR. Assumes an original loan amount of $147,000, 10-year term, and a rate of 7.21% APR, refinanced to 3.55% APR. Total savings over the 10-year term would be $31,882. Loan amount reflects all customers who refinanced their student loans with First Republic Bank between 1/1/2015 and 9/1/2017. 7.21% was the Direct Plus Student Loan Program rate effective 7/1/2014 to 6/30/2015. Actual savings may vary based on the interest rates, balances and remaining repayment term of the loans being refinanced.

Qualifications

• Typical credit score of approved borrowers or co-signers: 747.
• Loan amounts: $10,000 to $75,000.
• Must have a degree: No.

Available Term Lengths

• 10 or 15 years