Have federal student loans? Think before you refinance

Weigh the payment pause and potential loan forgiveness in your decision. Keep up with the latest.

Compare your student loan refi options
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Last updated on May 2, 2022

Simplify your student loan refinancing with Sparrow

Pre-qualify and compare rates with 17+ lenders to refinance your student loans through a single form in as little as three minutes.

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Loan balance

Annual income

Highest education level

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Here are 2 options for you

5.0

NerdWallet rating

Check rate

on SoFi

Fixed APR

5.24-9.99%

Variable APR

6.24-9.99%

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 see if you’ll qualify and what rate you’ll get without a hard credit check.
Dedicated Student Loan Debt Specialist available for borrowers.

Cons

No co-signer release available.
Loan size minimum is higher than most lenders.

5.0

NerdWallet rating

Check rate

on Earnest

Fixed APR

5.09-9.74%

Variable APR

5.89-9.74%

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

Loans aren't available in Nevada.

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.