iHELP Reviews: Student Loan Refinancing and Private Student Loans

iHELP refinances student loans and partners with community banks to offer college loans.
Ryan LaneMar 18, 2021

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Student loan ratings

iHELP
  • Student loan refinancing

  • Private student loan

The bottom line: iHELP offers student loan refinancing and private student loans from community banks. Its parent company, Reunion Student Loan Finance Corp., makes and manages all iHELP loans. NerdWallet does not have enough information from iHELP to rate it or compare it with other lenders.

Student loan refinancing review

iHELP Student Loan Refinance

iHELP Student Loan Refinance

Fixed APR

4.00 - 8.00%

Variable APR

3.95 - 5.65%

Min. Credit Score

Does not disclose

Pros

  • More flexible repayment options for struggling borrowers than other lenders.
  • Students can refinance parent PLUS loans in their name.
  • You can see if you'll qualify and what rate you'll get without a hard credit check.

Cons

  • You must have two years of positive credit history.
  • Only available if you attended school in Maryland, Pennsylvania, Virginia or West Virginia.

An option for borrowers who don't have a degree and may need wiggle room on payments.

iHELP offers student loan refinancing if you attended schools in four states: Maryland, Pennsylvania, West Virginia and Virginia. If your school is eligible, iHELP is a good option if you need flexibility with payments. The lender offers graduated and income-sensitive repayment plans, which are unique among student loan refinance loans.

You don't need to have graduated to refinance with iHELP, but you must have two years of good credit history. That includes no open accounts in collections and no student loans in default. iHELP did not respond to NerdWallet's requests for information about its student loan refinancing product.

NerdWallet does not have enough information from iHELP to fully evaluate its student loan refinance product.

Before deciding on a student loan refinance lender, compare multiple options to make sure you’re getting the best rate you qualify for. In addition to interest rates, compare lenders’ repayment options and the flexibility they offer borrowers who are struggling to make payments.

If iHELP denies your refinance application, the lender will Depending on the reason, you may want to consider other lenders or need a co-signer.

NerdWallet recommends before you apply. This will let you know which lenders you may be eligible with, without affecting your credit.

How does this loan compare?

SoFi Student Loan Refinance
Education Loan Finance Student Loan Refinance
NerdWallet rating 
NerdWallet rating 
Check RateCheck Rate
Fixed APR

2.49 - 6.94%

Fixed APR

2.58 - 5.99%

Variable APR

2.25 - 6.59%

Variable APR

2.39 - 6.01%

Min. Credit Score

650

Min. Credit Score

680

Private student loan review

iHELP Private Student Loan

iHELP Private Student Loan

Variable APR

2.34 - 6.99%

Min. Credit Score

Does not disclose

Pros

  • You can see if you'll qualify and what rate you’ll get without a hard credit check.
  • More flexible repayment options for struggling borrowers than other lenders.

Cons

  • Fewer repayment term lengths than other lenders.
  • No fixed interest rates.
  • Not available at schools in most states.

An option for students who value working with a community bank and may need wiggle room on payments.

iHELP's private student loans come with multiple repayment and postponement options, making these a good choice for undergraduate and graduate students who may need future payment flexibility. Other loan features are less flexible, though: iHELP offers a single, 20-year repayment term and no fixed interest rates. Most other lenders offer a fixed-rate option, as well as 5-, 10- and 15-year terms.

iHELP loans are funded by community banks in the state or region where you’re attending college. Loans are available in 12 states — fewer for graduate students — and only at certain schools in those states. For example, Harvard University is the only eligible school in Massachusetts. iHELP did not respond to NerdWallet's requests for information about its private student loan products.

NerdWallet does not have enough information from iHelp to fully evaluate its private student loan product.

Before taking out an iHELP student loan or any other private student loan, exhaust your federal student loan options first. Submit the Free Application for Federal Student Aid, known as the FAFSA, to apply.

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to make sure you’re getting the best rate you qualify for. In addition to interest rates, look at lenders’ repayment alternatives and the flexibility they offer to borrowers who struggle to make payments.

If iHELP denies your student loan application, the lender will . Depending on the reason, you may want to consider other lenders or, if you haven’t already, try applying with a co-signer.

If you don’t have access to a co-signer — or still aren’t eligible with one — consider or specialize in .

NerdWallet believes the best student loan is one you can repay at the lowest interest rate you can get. That's why NerdWallet’s student loan ratings reward lenders that offer a variety of loan terms, limit their fees and penalties, and extend borrowers multiple options to avoid default. Points are also awarded for soft credit checks, underwriting transparency and other consumer-friendly features. Use these ratings as a guide, but we encourage you to shop around for the lowest interest rate you can qualify for. NerdWallet does not receive compensation for its reviews. Read our .

Frequently asked questions