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Best Student Loan Refinance Companies

Jan. 25, 2019
Loans, Student Loans
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Ultimately, the best student loan refinance company is the one that can reduce your rate the most. The lower your rate, the more you’ll save monthly and long term.

But certain lenders excel at serving certain types of customers. NerdWallet student loan experts evaluated more than 50 data points across five categories to identify the best student loan refinance companies in the industry overall, for fast payoff and for customer service. These lenders were recognized in NerdWallet’s 2019 Best-Of Awards.

Looking to get rid of your student loans, stat? Check out our best lenders for fast payoff. Have a million questions you need answered? Look into our best lenders for customer service. Then, compare rate offers from multiple lenders before making a final decision.

Use this list of winners — plus your goals and priorities — as a guide to finding the best lender for you.

Best student loan refinance companies

LenderBest forGet started

5.0 NerdWallet rating

5.0 NerdWallet rating
Overall, fast payoff

5.0 NerdWallet rating
Overall, fast payoff

5.0 NerdWallet rating
Customer service

4.5 NerdWallet rating
Customer service

5.0 NerdWallet rating
Fast payoff, customer service

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1. Earnest

Earnest stands out for an underwriting approach based on a borrower’s earning potential and the financial accounts he or she connects, not just credit score. Earnest also lets borrowers schedule multiple extra payments at once.

Earnest review

2. SoFi

Borrowers who refinance with SoFi get access to unique perks like free career coaching and no-fee investing. SoFi also lets borrowers make biweekly or greater-than-minimum payments automatically.

SoFi review

3. Splash Financial

Splash Financial lets married couples refinance their loans together and lets borrowers make biweekly payments automatically. It also has an in-house customer service team and assigns each refinance customer a dedicated banker to work with.

Splash Financial review

4. CommonBond

CommonBond stands out for its longer-than-average maximum forbearance period and the fact that it allows borrowers to refinance their parents’ loans with their own.

CommonBond review

5. Education Loan Finance

Education Loan Finance matches each borrower with a personal loan advisor for the length of the refinancing process, walking borrowers through the application procedure and payment scenarios.

Education Loan Finance review

6. PenFed powered by Purefy

Purefy assigns each refinance customer a personal student loan advisor and gives borrowers access to an in-house customer service team.

PenFed review

Find the best student loan refinance companies for you

You may have other needs besides fast payoff and customer service. Use this guide to find the best student loan refinance companies for you based on your situation. Then, get personalized offers from those lenders and choose the lowest rate.

NerdWallet’s picks: best student loan refinance companies

  • Earnest
  • SoFi
  • Splash Financial
  • CommonBond
  • Education Loan Finance
  • PenFed powered by Purefy

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