guide for  magoosh-logo-purple-800x181  students

Repay your student loans with confidence.

NerdWallet and Magoosh Online Test Prep have teamed up to bring you the tools to repay your student loans. Read on to learn more about your options and how NerdWallet can help you get on track.

How to choose the best student loan repayment plan for you

You don’t need to understand the nitty-gritty details of every federal student loan repayment plan to choose the best one for you.

Still, learning the basics of the various plans can help you make an informed decision. This guide will outline each plan and show how you can compare them to find your right fit. Read more here about repayment plans.


Repayment Plans

Know which plan makes the most sense for your specific needs. This guide will walk you through each option to help you choose the one that’s right for you.


Refinance Student Loans

Refinancing could give you lower interest rates. Compare multiple lenders and see your potential savings.

When refinancing makes sense

If you’re tired of making sky-high interest rate payments, student loan refinancing may be a good option. Refinancing can save you money by replacing your existing student loans with a new, lower-rate loan, and is best for borrowers with a good credit history and steady income.

The right refinance lender for you depends on your priorities. Borrowers often look for the lowest interest rate possible, but it’s worth checking out the various features each lender offers. Check out our table below to compare your options.

How NerdWallet can help you


Save money

Read our articles below and learn all you need to know to save money through refinancing.


Compare options

Our tools offer an impartial look at student loan refinancing lenders to help you choose the offer that’s best for you.


Get expert advice

NerdWallet gives you the guidance you need to finance your education and pay back your student loans.

Student loan refinance options

The best refinance lender for you depends on your priorities. Borrowers often look for the lowest interest rate possible, but it’s worth checking out the various features each lender offers. See our reviews for the full details.

Lender APR ranges* Min credit score Details
*All APR ranges include a 0.25% autopay discount if available. See additional offer disclosures below.

2.57% to 7.07%1

3.18% to 7.25%1

660 Pros
Forbearance available for up to 24 months (longer than many lenders allow)

Only available in 44 states

2.69% to 6.01%2

3.09% to 6.69%2

680 Pros
Offers a $100 bonus if borrowers accept loan offer within 30 days of initial application date

Must have at least $15,000 to refinance

2.57% to 5.87%3

3.25% to 6.32%3

650 Pros
Offers bi-weekly payments, which can help cut down on total interest paid over the life of a loan

Only available in 45 states and Washington, D.C.

2.65% to 7.70%4

3.25% to 8.13%4

Varies Pros
- Borrowers can refinance a parent PLUS loan in their name
- 12 months of forbearance

No co-signer release option

For more options, check out NerdWallet’s refinance homepage or contact your local community bank or credit union.

Learn more about repaying your student loans