Know how COVID-19 impacts your student loans

See your options for student loan relief, and learn if it's the right time to refinance. Check out the guide

Compare your student loan refi options
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Here are 7 options for you

5.0

NerdWallet rating

Check rate

on CommonBond

Fixed APR

2.98-5.79%

Variable APR

1.99-5.61%

MIN. Credit

680

Check rate

on CommonBond

Rating and review

5.0

NerdWallet rating

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

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.

5.0

NerdWallet rating

Check rate

on Earnest

Fixed APR

2.50-5.79%

Variable APR

1.88-5.64%

MIN. Credit

650

Check rate

on Earnest

Rating and review

5.0

NerdWallet rating

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

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.

4.5

NerdWallet rating

Check rate

on Citizens

Fixed APR

2.39-9.15%

Variable APR

2.24-8.90%

MIN. Credit

Does not disclose

Check rate

on Citizens

Rating and review

4.5

NerdWallet rating

Qualifications

Typical credit score of approved borrowers or co-signers: Does not disclose.
Loan amounts: $10,000 to $500,000.
Must have a degree: No.

Available Term Lengths

5, 7, 10, 15 or 20 years

Pros

You can see if you’ll qualify and what rate you’ll get without a hard credit check.
You can refinance parent PLUS loans in your name.
Loyalty discount: Borrowers with a Citizens Bank account when they apply get an additional 0.25% interest rate discount.

Cons

Estate is still responsible for loans refinanced by parents if the borrower dies.

5.0

NerdWallet rating

Check rate

on Education Loan Finance

Fixed APR

2.58-5.99%

Variable APR

2.39-6.01%

MIN. Credit

680

Check rate

on Education Loan Finance

Rating and review

5.0

NerdWallet rating

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

5, 7, 10, 15 or 20 years

Pros

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.
No co-signer release available.

5.0

NerdWallet rating

Check rate

on SoFi

Fixed APR

2.74-6.94%

Variable APR

2.25-6.59%

MIN. Credit

650

Check rate

on SoFi

Rating and review

5.0

NerdWallet rating

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

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.

4.5

NerdWallet rating

Check rate

on LendKey

Fixed APR

2.95-7.63%

Variable APR

1.90-5.25%

MIN. Credit

660

Check rate

on LendKey

Rating and review

4.5

NerdWallet rating

Qualifications

Typical credit score of approved borrowers or co-signers: 751.
Loan amounts: $5,000 to $300,000, depending on the higest degree earned.
Must have a degree: Yes, at least an associate degree.

Available Term Lengths

5, 7, 10, 15 or 20 years

Pros

Forbearance of 18 months for 15- and 20-year loan terms is longer than many lenders.
You can see if you’ll qualify and what rate you’ll get without a hard credit check.

Cons

Loans aren't available in Maine, Nevada, North Dakota, Rhode Island or West Virginia.
No payment postponement available if borrowers return to school or serve in the military.

4.5

NerdWallet rating

Check rate

on Splash Financial

Fixed APR

2.49-5.79%

Variable APR

N/A

MIN. Credit

650

Check rate

on Splash Financial

Rating and review

4.5

NerdWallet rating

Qualifications

Splash Financial currently does not offer variable rates or accept co-signers through NerdWallet.
Typical credit score of approved borrowers or co-signers: 700+.
Loan amounts: $25,001 to $500,000.
Must have a degree: Yes, a bachelor’s degree or higher.

Available Term Lengths

5, 7, 10, 15 and 20 years

Pros

You are assigned a dedicated account representative.
You can see if you’ll qualify and what rate you’ll get without a hard credit check.

Cons

Loan features vary by lender.
Forbearance and death discharge may not be available.
You may need to become a member of a credit union to qualify.

Disclaimers

Annual Percentage Rates (APR), loan term and monthly payments are estimated based on analysis of information provided by you, data provided by lenders, and publicly available information. All loan information is presented without warranty, and the estimated APR and other terms are not binding in any way. Lenders provide loans with a range of APRs depending on borrowers' credit and other factors. Keep in mind that only borrowers with excellent credit will qualify for the lowest rate available. Your actual APR will depend on factors like credit score, requested loan amount, loan term, and credit history. All loans are subject to credit review and approval.

1CommonBond Student Loan Refinance

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.

2Earnest Student Loan Refinance

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

3Citizens Student Loan Refinance

Education Refinance Loan Rate Disclosure: Variable interest rates range from 2.24%-8.90% (2.24%-8.90% APR). Fixed interest rates range from 2.39%-9.15% (2.39%-9.15% APR).

4Education Loan Finance Refinance

Subject to credit approval. Terms and conditions apply. https://www.elfi.com/terms/

5SoFi Student Loan Refinance

Fixed rates from 2.74% APR to 6.74% APR (with autopay). Variable rates from 2.25% APR to 6.39% APR (with autopay). All variable rates are based on the 1-month LIBOR and may increase after consummation if LIBOR increases; see more at SoFi.com/legal/#1. If approved for a loan your rate will depend on a variety of factors such as your credit profile, your application and your selected loan terms. Your rate will be within the ranges of rates listed above. Lowest rates reserved for the most creditworthy borrowers. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers, or may become available, such as Income Based Repayment or Income Contingent Repayment or PAYE. SoFi loans are originated by SoFi Lending Corp. or an affiliate (dba SoFi), a lender licensed by the Department of Financial Protection and Innovation under the California Financing Law, license #6054612; NMLS #1121636 (www.nmlsconsumeraccess.org). Additional terms and conditions apply; see SoFi.com/eligibility for details. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.

6LendKey Student Loan Refinance

See LendKey's full terms and conditions at https://www.lendkey.com/disclaimers

7Splash Financial Student Loan Refinance

Fixed rates range from 2.49% APR to 5.79% APR. Rates are current as of June 1, 2021 and reflect those offered by participating lending partners. Lending partners may vary and are displayed at the sole discretion of Splash. Not all lending partners are available for all application channels. If approved, your actual rate will be within a range of rates and will depend on a variety of factors, including term of loan, a responsible financial history, income, and other factors. Terms and conditions apply. Splash reserves the right to modify or discontinue products and benefits at any time without notice. Rates and terms are also subject to change at any time without notice.