8 Best Student Loan Refinance Companies of January 2020

Key facts

Pros

• Customizable payments and loan terms.

• Option to skip one payment every 12 months.

• You can see if you’ll qualify and what rate you’ll get without a hard credit check.

Cons

• You can’t apply with a co-signer.

• Loans aren't available in Delaware, Kentucky and Nevada.

Qualifications

• Typical credit score of approved borrowers or co-signers: Did not disclose.

• Loan amounts: $5,000 to $500,000.

• Must have a degree: No, but must be within six months of graduation and have income or a job.

Available Term Lengths

Disclaimer

Key facts

Pros

• You are assigned a dedicated student loan advisor.

• More flexible repayment options for struggling borrowers than other lenders offer.

Cons

• Fewer repayment term lengths than other lenders.

• You can’t see if you’ll qualify and what rate you’ll get without a hard credit check.

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

Disclaimer

Key facts

Pros

• You can refinance parent PLUS loans in your name.

• You can see if you’ll qualify and what rate you’ll get without a hard credit check.

• Additional perks like career planning, job search assistance and entrepreneurship support available.

Cons

• No co-signer release available.

• Loan size minimum is higher than most lenders.

Qualifications

• Typical credit score of approved borrowers or co-signers: 700+.

• Loan amounts: $5,000, up to your total outstanding loan balance.

• Must have a degree: Yes, an associate degree or higher.

Available Term Lengths

Disclaimer

Key facts

Pros

• Married couples can refinance student loans into a single loan.

• You can refinance parent PLUS loans in your name.

• You can see if you’ll qualify and what rate you’ll get without a hard credit check.

Cons

• No formal deferment/forbearance options.

Qualifications

• Typical credit score of approved borrowers or co-signers: 777.

• Loan amounts: $7,500 to $300,000.

• Must have a degree: Yes, at least a bachelor’s degree.

Available Term Lengths

Disclaimer

Key facts

Pros

• You can refinance parent PLUS loans in your name.

• You can see if you’ll qualify and what rate you’ll get without a hard credit check.

• Additional perks like career planning, job search assistance and entrepreneurship support available.

Cons

• No co-signer release available.

• Loan size minimum is higher than most lenders.

Qualifications

• Typical credit score of approved borrowers or co-signers: 700+.

• Loan amounts: $5,000, up to your total outstanding loan balance.

• Must have a degree: Yes, an associate degree or higher.

Available Term Lengths

Disclaimer

Key facts

Pros

• Married couples can refinance student loans into a single loan.

• You can refinance parent PLUS loans in your name.

• You can see if you’ll qualify and what rate you’ll get without a hard credit check.

Cons

• No formal deferment/forbearance options.

Qualifications

• Typical credit score of approved borrowers or co-signers: 777.

• Loan amounts: $7,500 to $300,000.

• Must have a degree: Yes, at least a bachelor’s degree.

Available Term Lengths

Disclaimer

Key facts

Pros

• You can refinance parent PLUS loans in your name.

• You can see if you’ll qualify and what rate you’ll get without a hard credit check.

• Additional perks like career planning, job search assistance and entrepreneurship support available.

Cons

• No co-signer release available.

• Loan size minimum is higher than most lenders.

Qualifications

• Typical credit score of approved borrowers or co-signers: 700+.

• Loan amounts: $5,000, up to your total outstanding loan balance.

• Must have a degree: Yes, an associate degree or higher.

Available Term Lengths

Disclaimer

Key facts

Pros

• You can refinance parent PLUS loans in your name.

• You can see if you’ll qualify and what rate you’ll get without a hard credit check.

• Additional perks like career planning, job search assistance and entrepreneurship support available.

Cons

• No co-signer release available.

• Loan size minimum is higher than most lenders.

Qualifications

• Typical credit score of approved borrowers or co-signers: 700+.

• Loan amounts: $5,000, up to your total outstanding loan balance.

• Must have a degree: Yes, an associate degree or higher.

Available Term Lengths

Disclaimer

Key facts

Pros

• Customizable payments and loan terms.

• Option to skip one payment every 12 months.

• You can see if you’ll qualify and what rate you’ll get without a hard credit check.

Cons

• You can’t apply with a co-signer.

• Loans aren't available in Delaware, Kentucky and Nevada.

Qualifications

• Typical credit score of approved borrowers or co-signers: Did not disclose.

• Loan amounts: $5,000 to $500,000.

• Must have a degree: No, but must be within six months of graduation and have income or a job.

Available Term Lengths

Disclaimer

Key facts

Pros

• You can refinance parent PLUS loans in your name.

• Refinancing available for medical and dental residents.

• You can see if you’ll qualify and what rate you’ll get without a hard credit check.

Cons

• Payment postponement isn’t available if borrowers return to school.

Qualifications

• Typical credit score of approved borrowers or co-signers: Did not disclose.

• Loan amounts: $5,000 up to your total outstanding loan balance.

• Must have a degree: At least an associate degree for select professions. Borrowers in their last year of undergrad can refinance. For parent plus loans, the child does not need to have graduated to refinance.

Available Term Lengths

Disclaimer

Key facts

Pros

• Above-average customer support compared with other lenders.

• You are assigned a personal loan advisor.

• You can refinance parent PLUS loans in your name.

Cons

• Payment postponement isn’t available for borrowers who return to school.

• The minimum amount to refinance is more than many lenders require.

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

Disclaimer

Key facts

Pros

• You are assigned a dedicated student loan advisor.

• More flexible repayment options for struggling borrowers than other lenders offer.

Cons

• Fewer repayment term lengths than other lenders.

• You can’t see if you’ll qualify and what rate you’ll get without a hard credit check.

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

Disclaimer

Key facts

Pros

• Forbearance of 24 months is longer than many lenders offer.

• You can refinance parent PLUS loans in your name.

• You can see if you’ll qualify and what rate you’ll get without a hard credit check.

Cons

• Loans aren’t available in Mississippi and Nevada.

Qualifications

• Typical credit score of approved borrowers or co-signers: Did not disclose.

• Loan amounts: $5,000 to $500,000.

• Must have a degree: Yes.

Available Term Lengths

Disclaimer

Key facts

Pros

• Married couples can refinance student loans into a single loan.

• You can refinance parent PLUS loans in your name.

• You can see if you’ll qualify and what rate you’ll get without a hard credit check.

Cons

• No formal deferment/forbearance options.

Qualifications

• Typical credit score of approved borrowers or co-signers: 777.

• Loan amounts: $7,500 to $300,000.

• Must have a degree: Yes, at least a bachelor’s degree.

Available Term Lengths

Disclaimer

Key facts

Pros

• Above-average customer support compared with other lenders.

• You are assigned a personal loan advisor.

• You can refinance parent PLUS loans in your name.

Cons

• Payment postponement isn’t available for borrowers who return to school.

• The minimum amount to refinance is more than many lenders require.

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

Disclaimer

Key facts

Pros

• You are assigned a dedicated student loan advisor.

• More flexible repayment options for struggling borrowers than other lenders offer.

Cons

• Fewer repayment term lengths than other lenders.

• You can’t see if you’ll qualify and what rate you’ll get without a hard credit check.

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

Disclaimer

Key facts

Pros

• Married couples can refinance student loans into a single loan.

• You can refinance parent PLUS loans in your name.

• You can see if you’ll qualify and what rate you’ll get without a hard credit check.

Cons

• No formal deferment/forbearance options.

Qualifications

• Typical credit score of approved borrowers or co-signers: 777.

• Loan amounts: $7,500 to $300,000.

• Must have a degree: Yes, at least a bachelor’s degree.

Available Term Lengths

Disclaimer

Key facts

Pros

• The only lender that offers non-co-signed student loan refinancing for international graduates.

• No late fees.

• No co-signer or U.S. credit history needed.

Cons

• No fixed interest rates.

• No formal deferment/forbearance options.

• Available only to borrowers in Colorado, Connecticut, Florida, Georgia, Illinois, Kansas, Kentucky, Maryland, Mississippi, Missouri, Nebraska, New Hampshire, New Jersey, New Mexico, New York, North Carolina, Oklahoma, Oregon, Pennsylvania, South Carolina, Texas, Utah, Virginia, Wisconsin.

Qualifications

• Typical credit score of approved borrowers or co-signers: No credit history requirements.

• Loan amounts: $15,000 to $350,000.

• Must have a degree: Yes.

Available Term Lengths

Disclaimer