The bottom line: Best for borrowers who may need flexible repayment options.
Navient Student Loan Refinance
2.50 - 5.79%
1.88 - 5.64%
Min. Credit Score
Pros & Cons
More flexible repayment options for struggling borrowers than other lenders.
No late fees.
You can refinance without a degree.
You can't see if you’ll qualify and what rate you’ll get without a hard credit check.
No option to make greater-than-minimum payments via autopay.
Compare to Other Lenders
Navient is a servicer for federal and private student loans that was once part of Sallie Mae. Navient offers refinanced student loans originated by the online lender Earnest, branded as NaviRefi.
Previously, NaviRefi was available only by invitation to borrowers with loans serviced by Navient. Now, borrowers can apply even if they aren't existing customers.
Navient considers your earning potential and credit score when approving loans. It also offers multiple options for borrowers who can't afford payments. If you may need repayment flexibility, are looking for a lender that considers your earning potential and are offered a lower rate than you currently have, NaviRefi could be a good choice for you.
Navient is facing multiple lawsuits alleging that it harmed borrowers throughout the repayment process. The company has challenged the allegations.
Navient student loan refinancing at a glance
Borrowers struggling to afford payments have flexible repayment options.
No option to apply with a co-signer.
You can refinance without a degree.
How NaviRefi could improve
NaviRefi could improve its student loan refinance product by:
Conducting soft credit checks to give personalized rate estimates.
Allowing greater-than-minimum payments via auto-pay.
Letting borrowers refinance their parents' PLUS loans in their own name.
How much can refinancing save?
NaviRefi student loan refinancing details
Before refinancing with NaviRefi
Before deciding on a student loan refinance lender, compare multiple student loan refinance 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 you aren’t eligible to refinance with NaviRefi
If NaviRefi denies your refinance application, the lender will let you know why. Depending on the reason, you may want to consider other lenders, including those that allow a co-signer.
NerdWallet recommends prequalifying with multiple refinance lenders before you apply. This will let you know which lenders you may be eligible with, without affecting your credit.
STUDENT LOANS RATINGS METHODOLOGY
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 editorial guidelines.
Frequently asked questions
NaviRefi is a student loan refinancing product offered by the servicer Navient. NaviRefi loans are originated by the online lender Earnest and now available to all qualified borrowers.
Yes. NaviRefi is a product offered by the student loan servicer Navient. NaviRefi loans are issued by the online lender Earnest, which is also owned by Navient, and serviced by Navient.
Refinancing with Navient is a good option if its NaviRefi program offers you the lowest interest rate.