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Best Student Loan Refinance Companies

April 11, 2019
Loans, Student Loans
best-student-loan-refinance-companies
At NerdWallet, we strive to help you make financial decisions with confidence. To do this, many or all of the products featured here are from our partners. However, this doesn’t influence our evaluations. Our opinions are our own.

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. Here’s how to choose the best student loan refinance lender for you.

» MORE: Can you refinance student loans?

Best student loan refinance companies

NerdWallet student loan experts evaluated dozens of data points to identify the best student loan refinance companies in these categories:

Here’s how and why we picked each winner.

» CALCULATE: Should I refinance my student loans? 

Best parent loan refinancing: CommonBond


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Check rates at CommonBond

CommonBond is the highest-rated lender that lets borrowers refinance their parents’ PLUS loans with their own. It also stands out for its longer-than-average maximum forbearance period.

Compare more lenders that refinance parent PLUS loans

 

Best medical school loan refinancing: SoFi


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Check rates at SoFi

SoFi is one of two lenders that let borrowers refinance student loans during their medical residency. Additionally, borrowers who refinance with SoFi get access to unique perks such as free career coaching and no-fee investing. SoFi also lets borrowers make biweekly or greater-than-minimum payments automatically.

Compare more lenders that refinance medical school loans

 

Best dental school loan refinancing: Laurel Road


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Check rates At Laurel Road

Laurel Road is the only lender that lets borrowers refinance dental school loans during residency even if they take on additional student loans for residency. Members of the American Dental Association get a 0.25% interest rate discount for refinancing through Laurel Road.

Compare more lenders that refinance dental school loans

 

Best international student loan refinancing: Prodigy Finance


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Check rates at Prodigy Finance

Prodigy Finance is the only private lender that refinances student loans for international working graduates in the U.S. Unlike most refinance lenders, it doesn’t require a U.S. credit history, Social Security number or a co-signer who is a U.S. citizen.

Compare more lenders that refinance international student loans

 

Best student loan refinancing for fast payoff: Splash Financial, SoFi (tie)


NerdWallet is a free tool to find you the best credit cards, cd rates, savings, checking accounts, scholarships, healthcare and airlines. Start here to maximize your rewards or minimize your interest rates. Teddy Nykiel
Check rates at Splash Financial

NerdWallet is a free tool to find you the best credit cards, cd rates, savings, checking accounts, scholarships, healthcare and airlines. Start here to maximize your rewards or minimize your interest rates. Teddy Nykiel
Check rates at SoFi

Splash Financial and Sofi, in a tie, have the highest overall scores among refinancing lenders that offer all of the features NerdWallet experts agree help borrowers repay loans faster, including availability of shorter loan terms and the ability to make biweekly payments or greater-than-minimum payments via autopay.

Compare more student loan refinance lenders that enable fast payoff

 

Best credit union for student loan refinancing: PenFed


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Check rates at PenFed

Pentagon Federal Credit Union, or PenFed, is the highest-rated among the credit unions we’ve reviewed that offer student loan refinancing. PenFed’s student loan refinancing product is powered by a company called Purefy. Purefy assigns each refinance customer a personal student loan advisor and gives borrowers access to an in-house customer service team.

Compare more credit union student loan refinance options

 

Best bank for student loan refinancing: Citizens One


NerdWallet is a free tool to find you the best credit cards, cd rates, savings, checking accounts, scholarships, healthcare and airlines. Start here to maximize your rewards or minimize your interest rates. Teddy Nykiel
Check rates at Citizens One

Citizens Bank’s national lending division, Citizens One, offers student loan refinancing. You’ll either see “Citizens Bank” or “Citizens One” on the company’s website, depending on your location. Citizens Bank/Citizens One is the highest-rated lender among brick-and-mortar banks we’ve reviewed that offer student loan refinancing. It serves a diverse range of student borrowers, including those who didn’t graduate or who aren’t U.S. citizens.

Compare more banks that refinance student loans

 

Best refinancing for borrowers with no degree: Discover


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Check rates at Discover

Discover Student Loans is the highest-rated student loan refinance lender we’ve reviewed that doesn’t require borrowers to have a college degree. It also offers generous repayment programs for borrowers who are struggling to make payments, such as the option to temporarily reduce payments.

Compare more lenders that let you refinance student loans without a degree

 

Best student loan refinancing for customer service: Education Loan Finance, Splash Financial, PenFed (tie)


NerdWallet is a free tool to find you the best credit cards, cd rates, savings, checking accounts, scholarships, healthcare and airlines. Start here to maximize your rewards or minimize your interest rates. Teddy Nykiel
Check rates at Education Loan Finance

NerdWallet is a free tool to find you the best credit cards, cd rates, savings, checking accounts, scholarships, healthcare and airlines. Start here to maximize your rewards or minimize your interest rates. Teddy Nykiel
Check rates at Splash Financial

NerdWallet is a free tool to find you the best credit cards, cd rates, savings, checking accounts, scholarships, healthcare and airlines. Start here to maximize your rewards or minimize your interest rates. Teddy Nykiel
Check rates at PenFed

Education Loan Finance, Splash Financial and PenFed are the best student loan refinance lenders for customer service. These lenders score highest in our customer support category and also have high overall scores. All three lenders match borrowers with a dedicated banker or personal student loan advisor for the length of the refinancing process.

 

Best student loan refinancing overall: CommonBond, SoFi, Earnest (tie)

We’ve reviewed and rated the following lenders, which all offer student loan refinancing.

LenderAPRGet started
CommonBond
5.0 NerdWallet rating
Fixed: 3.89% - 8.07%
Variable: 2.55% - 7.12%
Check rates at CommonBond

CommonBond review

5.0 NerdWallet rating
Fixed: 3.89% - 8.074%
Variable: 2.49% - 7.105%
Check rates At SoFi

SoFi review

5.0 NerdWallet rating
Fixed: 3.5% - 7.89%
Variable: 2.49% - 7.27%
Check rates at Earnest

Earnest review

5.0 NerdWallet rating
Fixed: 3.75% - 7.03%
Variable: 3.1% - 7.84%
Check rates at Splash Financial

Splash Financial review

5.0 NerdWallet rating
Fixed: 5.74% - 8.49%
Variable: 4.74% - 7.74%
Check rates at Discover

Discover review

5.0 NerdWallet rating
Fixed: 3.39% - 6.69%
Variable: 2.8% - 6.01%
Check rates at Education Loan Finance

Education Loan Finance review

4.5 NerdWallet rating
Fixed: 3.49% - 8.14%
Check rates at RISLA

RISLA review

4.5 NerdWallet rating
Fixed: 3.87% - 7.03%
Variable: 3.1% - 7.84%
Check rates at PenFed

PenFed review

4.5 NerdWallet rating
Fixed: 3.89% - 9.99%
Variable: 2.98% - 9.72%
Check rates at Citizens One

Citizens One review

4.5 NerdWallet rating
Fixed: 3.7% - 6.06%
Variable: 2.55% - 6.23%
Check rates at U-fi

U-fi review

4.5 NerdWallet rating
Fixed: 3.5% - 7.02%
Variable: 2.5% - 6.65%
Check rates at Laurel Road

Laurel Road review

4.5 NerdWallet rating
Fixed: 3.64% - 7.5%
Variable: 2.53% - 9.06%
Check rates at LendKey

LendKey review

4.5 NerdWallet rating
Fixed: 5.24% - 9.74%
Variable: 5.24% - 9.74%
Check rates at Wells Fargo

Wells Fargo review

4.0 NerdWallet rating
Fixed: 1.95% - 4.7%
Check rates at First Republic

First Republic review

4.0 NerdWallet rating
Fixed: 3.48% - 7.35%
Variable: 2.88% - 7.25%
Check rates at Navient

Navient review

3.5 NerdWallet rating
Fixed: 4.39% - 6.59%
Variable: 4.39% - 6.59%
Check rates at PNC

PNC review
3.5 NerdWallet rating
Fixed: 3.75% - 7.15%
Variable: N/A
Check rates at First Tech

First Tech review

3.5 NerdWallet rating
Variable: 4.74% - 7.74%
Check rates at Prodigy Finance

Prodigy Finance review
navy_federal_credit_union_logo-55x270
3.5 NerdWallet rating
Fixed: 4.29% - 12.46%
Variable: 4.96% - 12.84%
Check rates at Navy Federal Credit Union

Navy Federal Credit Union review

3.5 NerdWallet rating
Fixed: 4.6% - 7.45%
Variable: 4.64% - 7.54%
Check rates at MEFA

MEFA review
alliant_credit_union_logo
3.5 NerdWallet rating
Fixed: 4.50% - 7.00%
Variable: 4.00% - 6.25%
Check rates at Alliant

Alliant Credit Union review

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