Student Loan Refinancing

Compare rates from top lenders and potentially save thousands on your student debt. Federal and private loan options available.

5 min application
No impact to credit score
Free to use

Current Student Loan Refinancing Rates

4.49%
Starting Fixed APR
For excellent credit (760+)
$5K-$500K
Refinance Amounts
Based on total loan balance
5-20 years
Loan Terms
Fixed and variable rate options

Federal vs. Private Student Loans

Federal Loans

  • Fixed interest rates set by Congress
  • Income-driven repayment plan options
  • Public Service Loan Forgiveness eligible
  • Deferment and forbearance protections
  • No credit check for most loan types
  • Subsidized options for demonstrated need

Private Loans

  • Rates vary by lender and creditworthiness
  • Potentially lower rates for strong credit
  • Fixed and variable rate options available
  • No loan amount caps (up to cost of attendance)
  • Co-signer release options at some lenders
  • Refinancing can combine federal + private loans

Repayment strategies

Standard Repayment

Fixed payments over 10 years. Highest monthly payment but lowest total interest. Best if you can afford it.

Income-Driven Plans

Payments set at 10-20% of discretionary income. Lower monthly payments with forgiveness after 20-25 years (federal only).

Refinancing

Replace existing loans with a new private loan at a lower rate. Can save thousands but forfeits federal protections.

Avalanche Method

Pay minimums on all loans, then throw extra money at the highest-rate loan first. Mathematically optimal for total savings.

Snowball Method

Pay off the smallest balance first for quick wins and motivation, then roll that payment into the next smallest balance.

Employer Assistance

Many employers now offer student loan repayment benefits. Check if yours contributes up to $5,250/year tax-free toward your loans.

Frequently Asked Questions

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