2020's Student
Loan Winners
This year's best lenders offer something for everyone – whether you need a new loan or want to refinance. And while many of the winners are our partners, this did not influence our decisions or opinions.
Best-Of Awards > Student Loans
Best Student Loan Refinancing Overall
on Earnest's website
on Earnest's website
Fixed APR
2.98 - 5.79%
Variable APR
1.99 - 5.64%
Min. Credit Score
650
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 Kentucky and Nevada.
Qualifications
- Typical credit score of approved borrowers or co-signers: 760.
- 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
- 5 to 20 years
Disclaimer: Specific Annual Percentage Rate (APRs) offered within these ranges will depend on a variety of factors including your creditworthiness and other application details. Annual percentage rates (APRs) reflect 0.25% discount for optional enrollment in autopay. Your approval for an Earnest Loan is subject to the full underwriting of your loan application. Read more about qualifying for a loan with Earnest here: https://www.earnest.com/eligibility
Fixed APR
2.98 - 5.79%
Variable APR
1.99 - 5.64%
Min. Credit Score
650
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 Kentucky and Nevada.
Qualifications
- Typical credit score of approved borrowers or co-signers: 760.
- 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
- 5 to 20 years
Disclaimer: Specific Annual Percentage Rate (APRs) offered within these ranges will depend on a variety of factors including your creditworthiness and other application details. Annual percentage rates (APRs) reflect 0.25% discount for optional enrollment in autopay. Your approval for an Earnest Loan is subject to the full underwriting of your loan application. Read more about qualifying for a loan with Earnest here: https://www.earnest.com/eligibility
Fixed APR
2.98 - 5.79%
Variable APR
1.99 - 5.64%
Min. Credit Score
650
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 Kentucky and Nevada.
Qualifications
- Typical credit score of approved borrowers or co-signers: 760.
- 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
- 5 to 20 years
Disclaimer: Specific Annual Percentage Rate (APRs) offered within these ranges will depend on a variety of factors including your creditworthiness and other application details. Annual percentage rates (APRs) reflect 0.25% discount for optional enrollment in autopay. Your approval for an Earnest Loan is subject to the full underwriting of your loan application. Read more about qualifying for a loan with Earnest here: https://www.earnest.com/eligibility
Why this LENDER made the list
Earnest student loan refinance earns top marks based on 36 data points covering payment flexibility, lending transparency, customer support and more.
Read our methodologyBest Student Loan Refinancing for Fast Payoff (tie)
on Purefy's website
on Purefy's website
Fixed APR
2.99 - 5.15%
Variable APR
2.16 - 4.46%
Min. Credit Score
670
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
- Estate is still responsible for the loan if the borrower dies.
Qualifications
- Typical credit score of approved borrowers or co-signers: 773.
- Loan amounts: $7,500 to $300,000.
- Must have a degree: Yes, at least a bachelor’s degree.
Available Term Lengths
- 5, 8, 12 or 15 years
Disclaimer: Rates and offers current as February 2, 2021. Annual Percentage Rate (APR) is the cost of credit calculating the interest rate, loan amount, repayment term and the timing of payments. Fixed Rates range from 2.99% APR to 5.15% APR and Variable Rates range from 2.17% APR to 4.47% APR. Both Fixed and Variable Rates will vary based on application terms, level of degree and presence of a co-signer. These rates are subject to additional terms and conditions and rates are subject to change at any time without notice. For Variable Rate student loans, the rate will never exceed 9.00% for 5 year and 8 year loans and 10.00% for 12 and 15 years loans (the maximum allowable for this loan). Minimum variable rate will be 2.00%. These rates are 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.
Fixed APR
2.99 - 5.15%
Variable APR
2.16 - 4.46%
Min. Credit Score
670
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
- Estate is still responsible for the loan if the borrower dies.
Qualifications
- Typical credit score of approved borrowers or co-signers: 773.
- Loan amounts: $7,500 to $300,000.
- Must have a degree: Yes, at least a bachelor’s degree.
Available Term Lengths
- 5, 8, 12 or 15 years
Disclaimer: Rates and offers current as February 2, 2021. Annual Percentage Rate (APR) is the cost of credit calculating the interest rate, loan amount, repayment term and the timing of payments. Fixed Rates range from 2.99% APR to 5.15% APR and Variable Rates range from 2.17% APR to 4.47% APR. Both Fixed and Variable Rates will vary based on application terms, level of degree and presence of a co-signer. These rates are subject to additional terms and conditions and rates are subject to change at any time without notice. For Variable Rate student loans, the rate will never exceed 9.00% for 5 year and 8 year loans and 10.00% for 12 and 15 years loans (the maximum allowable for this loan). Minimum variable rate will be 2.00%. These rates are 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.
Fixed APR
2.99 - 5.15%
Variable APR
2.16 - 4.46%
Min. Credit Score
670
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
- Estate is still responsible for the loan if the borrower dies.
Qualifications
- Typical credit score of approved borrowers or co-signers: 773.
- Loan amounts: $7,500 to $300,000.
- Must have a degree: Yes, at least a bachelor’s degree.
Available Term Lengths
- 5, 8, 12 or 15 years
Disclaimer: Rates and offers current as February 2, 2021. Annual Percentage Rate (APR) is the cost of credit calculating the interest rate, loan amount, repayment term and the timing of payments. Fixed Rates range from 2.99% APR to 5.15% APR and Variable Rates range from 2.17% APR to 4.47% APR. Both Fixed and Variable Rates will vary based on application terms, level of degree and presence of a co-signer. These rates are subject to additional terms and conditions and rates are subject to change at any time without notice. For Variable Rate student loans, the rate will never exceed 9.00% for 5 year and 8 year loans and 10.00% for 12 and 15 years loans (the maximum allowable for this loan). Minimum variable rate will be 2.00%. These rates are 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.
Why this LENDER made the list
PenFed Powered by Purefy offers short loan terms and accepts biweekly and greater-than-minimum payments via autopay, helping borrowers repay loans faster.
Read our methodologyBest Student Loan Refinancing for Fast Payoff (tie)

on SoFi's website
on SoFi's website
Fixed APR
2.99 - 6.94%
Variable APR
2.25 - 6.49%
Min. Credit Score
Does not disclose
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
- 5, 7, 10, 15 or 20 years
Disclaimer: Fixed rates from 2.99% APR to 6.94% APR (with AutoPay). Variable rates from 2.25% APR to 6.49% APR (with AutoPay). Interest rates on variable rate loans are capped at either 8.95% or 9.95% depending on term of loan. See APR examples and terms. Lowest variable rate of 2.25% APR assumes current 1 month LIBOR rate of 0.12% plus 2.38% margin minus 0.25% ACH discount. Not all borrowers receive the lowest rate. If approved for a loan, the fixed or variable interest rate offered will depend on your creditworthiness, and the term of the loan and other factors, and will be within the ranges of rates listed above. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. See eligibility details. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. The discount will not reduce the monthly payment; instead, the interest savings are applied to the principal loan balance, which may help pay the loan down faster. Enrolling in autopay is not required to receive a loan from SoFi. *To check the rates and terms you qualify for, SoFi conducts a soft credit inquiry. Unlike hard credit inquiries, soft credit inquiries (or soft credit pulls) do not impact your credit score. Soft credit inquiries allow SoFi to show you what rates and terms SoFi can offer you up front. After seeing your rates, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit inquiry. Hard credit inquiries (or hard credit pulls) are required for SoFi to be able to issue you a loan. In addition to requiring your explicit permission, these credit pulls may impact your credit score. Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
Fixed APR
2.99 - 6.94%
Variable APR
2.25 - 6.49%
Min. Credit Score
Does not disclose
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
- 5, 7, 10, 15 or 20 years
Disclaimer: Fixed rates from 2.99% APR to 6.94% APR (with AutoPay). Variable rates from 2.25% APR to 6.49% APR (with AutoPay). Interest rates on variable rate loans are capped at either 8.95% or 9.95% depending on term of loan. See APR examples and terms. Lowest variable rate of 2.25% APR assumes current 1 month LIBOR rate of 0.12% plus 2.38% margin minus 0.25% ACH discount. Not all borrowers receive the lowest rate. If approved for a loan, the fixed or variable interest rate offered will depend on your creditworthiness, and the term of the loan and other factors, and will be within the ranges of rates listed above. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. See eligibility details. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. The discount will not reduce the monthly payment; instead, the interest savings are applied to the principal loan balance, which may help pay the loan down faster. Enrolling in autopay is not required to receive a loan from SoFi. *To check the rates and terms you qualify for, SoFi conducts a soft credit inquiry. Unlike hard credit inquiries, soft credit inquiries (or soft credit pulls) do not impact your credit score. Soft credit inquiries allow SoFi to show you what rates and terms SoFi can offer you up front. After seeing your rates, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit inquiry. Hard credit inquiries (or hard credit pulls) are required for SoFi to be able to issue you a loan. In addition to requiring your explicit permission, these credit pulls may impact your credit score. Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
Fixed APR
2.99 - 6.94%
Variable APR
2.25 - 6.49%
Min. Credit Score
Does not disclose
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
- 5, 7, 10, 15 or 20 years
Disclaimer: Fixed rates from 2.99% APR to 6.94% APR (with AutoPay). Variable rates from 2.25% APR to 6.49% APR (with AutoPay). Interest rates on variable rate loans are capped at either 8.95% or 9.95% depending on term of loan. See APR examples and terms. Lowest variable rate of 2.25% APR assumes current 1 month LIBOR rate of 0.12% plus 2.38% margin minus 0.25% ACH discount. Not all borrowers receive the lowest rate. If approved for a loan, the fixed or variable interest rate offered will depend on your creditworthiness, and the term of the loan and other factors, and will be within the ranges of rates listed above. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. See eligibility details. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. The discount will not reduce the monthly payment; instead, the interest savings are applied to the principal loan balance, which may help pay the loan down faster. Enrolling in autopay is not required to receive a loan from SoFi. *To check the rates and terms you qualify for, SoFi conducts a soft credit inquiry. Unlike hard credit inquiries, soft credit inquiries (or soft credit pulls) do not impact your credit score. Soft credit inquiries allow SoFi to show you what rates and terms SoFi can offer you up front. After seeing your rates, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit inquiry. Hard credit inquiries (or hard credit pulls) are required for SoFi to be able to issue you a loan. In addition to requiring your explicit permission, these credit pulls may impact your credit score. Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.
Why this LENDER made the list
SoFi offers short loan terms and accepts biweekly and greater-than-minimum payments via autopay, helping borrowers repay loans faster.
Read our methodologyBest Student Loan Refinancing for Customer Service
on CommonBond's website
on CommonBond's website
Fixed APR
2.98 - 5.79%
Variable APR
1.99 - 5.61%
Min. Credit Score
680
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, at least a bachelor's degree.
Available Term Lengths
- 5, 7, 10, 15 or 20 years
Disclaimer: Offered terms are subject to change and state law restriction. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900), NMLS Consumer Access. If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown. All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 0.16% effective Sep 1, 2020 and may increase after consummation.
Fixed APR
2.98 - 5.79%
Variable APR
1.99 - 5.61%
Min. Credit Score
680
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, at least a bachelor's degree.
Available Term Lengths
- 5, 7, 10, 15 or 20 years
Disclaimer: Offered terms are subject to change and state law restriction. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900), NMLS Consumer Access. If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown. All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 0.16% effective Sep 1, 2020 and may increase after consummation.
Fixed APR
2.98 - 5.79%
Variable APR
1.99 - 5.61%
Min. Credit Score
680
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, at least a bachelor's degree.
Available Term Lengths
- 5, 7, 10, 15 or 20 years
Disclaimer: Offered terms are subject to change and state law restriction. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900), NMLS Consumer Access. If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown. All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 0.16% effective Sep 1, 2020 and may increase after consummation.
Why this LENDER made the list
CommonBond customer support stands out due to features like dedicated student loan advisors, in-house customer service reps and a user-friendly website.
Read our methodologyBest Student Loan Refinancing for Parents
on Purefy's website
on Purefy's website
Fixed APR
2.99 - 5.15%
Variable APR
2.16 - 4.46%
Min. Credit Score
670
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
- Estate is still responsible for the loan if the borrower dies.
Qualifications
- Typical credit score of approved borrowers or co-signers: 773.
- Loan amounts: $7,500 to $300,000.
- Must have a degree: Yes, at least a bachelor’s degree.
Available Term Lengths
- 5, 8, 12 or 15 years
Disclaimer: Rates and offers current as February 2, 2021. Annual Percentage Rate (APR) is the cost of credit calculating the interest rate, loan amount, repayment term and the timing of payments. Fixed Rates range from 2.99% APR to 5.15% APR and Variable Rates range from 2.17% APR to 4.47% APR. Both Fixed and Variable Rates will vary based on application terms, level of degree and presence of a co-signer. These rates are subject to additional terms and conditions and rates are subject to change at any time without notice. For Variable Rate student loans, the rate will never exceed 9.00% for 5 year and 8 year loans and 10.00% for 12 and 15 years loans (the maximum allowable for this loan). Minimum variable rate will be 2.00%. These rates are 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.
Fixed APR
2.99 - 5.15%
Variable APR
2.16 - 4.46%
Min. Credit Score
670
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
- Estate is still responsible for the loan if the borrower dies.
Qualifications
- Typical credit score of approved borrowers or co-signers: 773.
- Loan amounts: $7,500 to $300,000.
- Must have a degree: Yes, at least a bachelor’s degree.
Available Term Lengths
- 5, 8, 12 or 15 years
Disclaimer: Rates and offers current as February 2, 2021. Annual Percentage Rate (APR) is the cost of credit calculating the interest rate, loan amount, repayment term and the timing of payments. Fixed Rates range from 2.99% APR to 5.15% APR and Variable Rates range from 2.17% APR to 4.47% APR. Both Fixed and Variable Rates will vary based on application terms, level of degree and presence of a co-signer. These rates are subject to additional terms and conditions and rates are subject to change at any time without notice. For Variable Rate student loans, the rate will never exceed 9.00% for 5 year and 8 year loans and 10.00% for 12 and 15 years loans (the maximum allowable for this loan). Minimum variable rate will be 2.00%. These rates are 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.
Fixed APR
2.99 - 5.15%
Variable APR
2.16 - 4.46%
Min. Credit Score
670
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
- Estate is still responsible for the loan if the borrower dies.
Qualifications
- Typical credit score of approved borrowers or co-signers: 773.
- Loan amounts: $7,500 to $300,000.
- Must have a degree: Yes, at least a bachelor’s degree.
Available Term Lengths
- 5, 8, 12 or 15 years
Disclaimer: Rates and offers current as February 2, 2021. Annual Percentage Rate (APR) is the cost of credit calculating the interest rate, loan amount, repayment term and the timing of payments. Fixed Rates range from 2.99% APR to 5.15% APR and Variable Rates range from 2.17% APR to 4.47% APR. Both Fixed and Variable Rates will vary based on application terms, level of degree and presence of a co-signer. These rates are subject to additional terms and conditions and rates are subject to change at any time without notice. For Variable Rate student loans, the rate will never exceed 9.00% for 5 year and 8 year loans and 10.00% for 12 and 15 years loans (the maximum allowable for this loan). Minimum variable rate will be 2.00%. These rates are 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.
Why this LENDER made the list
Penfed Powered by Purefy is one of few parent refinance options. Borrowers can transfer a loan to their child or refinance federal parent PLUS loans.
Read our methodologyBest Student Loan Refinancing for International Students

on NerdWallet's secure website
on NerdWallet's secure website
Variable APR
6.56 - 8.65%
Pros
- The only lender that offers non-co-signed student loan refinancing for international graduates.
- No co-signer or U.S. credit history needed.
Cons
- No fixed interest rates.
- 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
- 7, 10, 15 or 20 years
Variable APR
6.56 - 8.65%
Pros
- The only lender that offers non-co-signed student loan refinancing for international graduates.
- No co-signer or U.S. credit history needed.
Cons
- No fixed interest rates.
- 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
- 7, 10, 15 or 20 years
Variable APR
6.56 - 8.65%
Pros
- The only lender that offers non-co-signed student loan refinancing for international graduates.
- No co-signer or U.S. credit history needed.
Cons
- No fixed interest rates.
- 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
- 7, 10, 15 or 20 years
Why this LENDER made the list
Prodigy Finance is the only lender to offer refinancing without requiring a U.S. credit history or co-signer – ideal for high-earning international borrowers.
Read our methodologyCrunch the numbers on refinancing
To see how much you could save by refinancing your student loan, check out our calculator.
Best Private Student Loan
on College Ave's website
on College Ave's website
Fixed APR
3.34 - 12.99%
Variable APR
1.04 - 11.98%
Min. Credit Score
Mid-600s
Pros
- You can see if you’ll qualify and what rate you’ll get without a hard credit check.
- More flexible repayment options than other lenders.
- Six-month grace period extension is available.
Cons
- You must be at least halfway through your repayment term before you can request a co-signer release.
Qualifications
- Typical credit score of approved borrowers: Mid-700s.
- Minimum income: $35,000 per year.
- Loan amounts: $1,000 up to cost of attendance.
Available Term Lengths
- 5, 8, 10 or 15 years
Disclaimer: College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or M.Y. Safra Bank, FSB, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply. As certified by your school and less any other financial aid you might receive. Minimum $1,000. Rates shown are for the College Ave Undergraduate Loan product and include autopay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation. This informational repayment example uses typical loan terms for a freshman borrower who selects the Flat Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7.78% fixed Annual Percentage Rate (“APR”): 54 monthly payments of $25 while in school, followed by 96 monthly payments of $176.21 while in the repayment period, for a total amount of payments of $18,266.38. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 8.35% fixed Annual Percentage Rate (“APR”): 120 monthly payments of $179.18 while in the repayment period, for a total amount of payments of $21,501.54. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. Information advertised valid as of 3/25/2021. Variable interest rates may increase after consummation. Lowest advertised rates require selection of full principal and interest payments with the shortest available loan term.
Fixed APR
3.34 - 12.99%
Variable APR
1.04 - 11.98%
Min. Credit Score
Mid-600s
Pros
- You can see if you’ll qualify and what rate you’ll get without a hard credit check.
- More flexible repayment options than other lenders.
- Six-month grace period extension is available.
Cons
- You must be at least halfway through your repayment term before you can request a co-signer release.
Qualifications
- Typical credit score of approved borrowers: Mid-700s.
- Minimum income: $35,000 per year.
- Loan amounts: $1,000 up to cost of attendance.
Available Term Lengths
- 5, 8, 10 or 15 years
Disclaimer: College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or M.Y. Safra Bank, FSB, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply. As certified by your school and less any other financial aid you might receive. Minimum $1,000. Rates shown are for the College Ave Undergraduate Loan product and include autopay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation. This informational repayment example uses typical loan terms for a freshman borrower who selects the Flat Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7.78% fixed Annual Percentage Rate (“APR”): 54 monthly payments of $25 while in school, followed by 96 monthly payments of $176.21 while in the repayment period, for a total amount of payments of $18,266.38. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 8.35% fixed Annual Percentage Rate (“APR”): 120 monthly payments of $179.18 while in the repayment period, for a total amount of payments of $21,501.54. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. Information advertised valid as of 3/25/2021. Variable interest rates may increase after consummation. Lowest advertised rates require selection of full principal and interest payments with the shortest available loan term.
Fixed APR
3.34 - 12.99%
Variable APR
1.04 - 11.98%
Min. Credit Score
Mid-600s
Pros
- You can see if you’ll qualify and what rate you’ll get without a hard credit check.
- More flexible repayment options than other lenders.
- Six-month grace period extension is available.
Cons
- You must be at least halfway through your repayment term before you can request a co-signer release.
Qualifications
- Typical credit score of approved borrowers: Mid-700s.
- Minimum income: $35,000 per year.
- Loan amounts: $1,000 up to cost of attendance.
Available Term Lengths
- 5, 8, 10 or 15 years
Disclaimer: College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or M.Y. Safra Bank, FSB, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply. As certified by your school and less any other financial aid you might receive. Minimum $1,000. Rates shown are for the College Ave Undergraduate Loan product and include autopay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation. This informational repayment example uses typical loan terms for a freshman borrower who selects the Flat Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7.78% fixed Annual Percentage Rate (“APR”): 54 monthly payments of $25 while in school, followed by 96 monthly payments of $176.21 while in the repayment period, for a total amount of payments of $18,266.38. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 8.35% fixed Annual Percentage Rate (“APR”): 120 monthly payments of $179.18 while in the repayment period, for a total amount of payments of $21,501.54. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. Information advertised valid as of 3/25/2021. Variable interest rates may increase after consummation. Lowest advertised rates require selection of full principal and interest payments with the shortest available loan term.
Why this LENDER made the list
College Ave private student loans stand out for offering a soft credit check, in-school repayment options and opportunities to pay off debt fast.
Read our methodologyBest Student Loan for Parents
on College Ave's website
on College Ave's website
Fixed APR
3.34 - 12.99%
Variable APR
1.04 - 11.98%
Min. Credit Score
Mid-600s
Pros
- You can see if you’ll qualify and what rate you’ll get without a hard credit check.
- Up to $2,500 can be disbursed to you directly for school-related expenses.
- You can choose your monthly payment while the student is in school, provided it covers at least the interest.
Cons
- No co-signer option.
- Estate is still responsible for the loan if the parent borrower dies.
Qualifications
- Typical credit score of approved borrowers: Mid-700s.
- Minimum income: $70,000 per year.
- Loan amounts: $1,000 up to school-certified cost of attendance.
Available Term Lengths
- Between 5 and 15 years.
Disclaimer: College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or M.Y. Safra Bank, FSB, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply. As certified by your school and less any other financial aid you might receive. Minimum $1,000. Rates shown are for the College Ave Undergraduate Loan product and include autopay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation. This informational repayment example uses typical loan terms for a freshman borrower who selects the Flat Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7.78% fixed Annual Percentage Rate (“APR”): 54 monthly payments of $25 while in school, followed by 96 monthly payments of $176.21 while in the repayment period, for a total amount of payments of $18,266.38. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 8.35% fixed Annual Percentage Rate (“APR”): 120 monthly payments of $179.18 while in the repayment period, for a total amount of payments of $21,501.54. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. Information advertised valid as of 3/25/2021. Variable interest rates may increase after consummation. Lowest advertised rates require selection of full principal and interest payments with the shortest available loan term.
Fixed APR
3.34 - 12.99%
Variable APR
1.04 - 11.98%
Min. Credit Score
Mid-600s
Pros
- You can see if you’ll qualify and what rate you’ll get without a hard credit check.
- Up to $2,500 can be disbursed to you directly for school-related expenses.
- You can choose your monthly payment while the student is in school, provided it covers at least the interest.
Cons
- No co-signer option.
- Estate is still responsible for the loan if the parent borrower dies.
Qualifications
- Typical credit score of approved borrowers: Mid-700s.
- Minimum income: $70,000 per year.
- Loan amounts: $1,000 up to school-certified cost of attendance.
Available Term Lengths
- Between 5 and 15 years.
Disclaimer: College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or M.Y. Safra Bank, FSB, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply. As certified by your school and less any other financial aid you might receive. Minimum $1,000. Rates shown are for the College Ave Undergraduate Loan product and include autopay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation. This informational repayment example uses typical loan terms for a freshman borrower who selects the Flat Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7.78% fixed Annual Percentage Rate (“APR”): 54 monthly payments of $25 while in school, followed by 96 monthly payments of $176.21 while in the repayment period, for a total amount of payments of $18,266.38. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 8.35% fixed Annual Percentage Rate (“APR”): 120 monthly payments of $179.18 while in the repayment period, for a total amount of payments of $21,501.54. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. Information advertised valid as of 3/25/2021. Variable interest rates may increase after consummation. Lowest advertised rates require selection of full principal and interest payments with the shortest available loan term.
Fixed APR
3.34 - 12.99%
Variable APR
1.04 - 11.98%
Min. Credit Score
Mid-600s
Pros
- You can see if you’ll qualify and what rate you’ll get without a hard credit check.
- Up to $2,500 can be disbursed to you directly for school-related expenses.
- You can choose your monthly payment while the student is in school, provided it covers at least the interest.
Cons
- No co-signer option.
- Estate is still responsible for the loan if the parent borrower dies.
Qualifications
- Typical credit score of approved borrowers: Mid-700s.
- Minimum income: $70,000 per year.
- Loan amounts: $1,000 up to school-certified cost of attendance.
Available Term Lengths
- Between 5 and 15 years.
Disclaimer: College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or M.Y. Safra Bank, FSB, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply. As certified by your school and less any other financial aid you might receive. Minimum $1,000. Rates shown are for the College Ave Undergraduate Loan product and include autopay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation. This informational repayment example uses typical loan terms for a freshman borrower who selects the Flat Repayment Option with an 8-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 7.78% fixed Annual Percentage Rate (“APR”): 54 monthly payments of $25 while in school, followed by 96 monthly payments of $176.21 while in the repayment period, for a total amount of payments of $18,266.38. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. This informational repayment example uses typical loan terms for a freshman borrower who selects the Deferred Repayment Option with a 10-year repayment term, has a $10,000 loan that is disbursed in one disbursement and a 8.35% fixed Annual Percentage Rate (“APR”): 120 monthly payments of $179.18 while in the repayment period, for a total amount of payments of $21,501.54. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary. Information advertised valid as of 3/25/2021. Variable interest rates may increase after consummation. Lowest advertised rates require selection of full principal and interest payments with the shortest available loan term.
Why this LENDER made the list
College Ave offers parents three payment options while their child is in school, including interest-only. Unlike federal PLUS loans, there’s no origination fee.
Read our methodologyGet the latest rates
Easily get today's rates from the top student loan lenders of 2020, and see the credit scores you'll need to qualify.
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