Trusted & Secure
- Loan Size: $5K - $500K
- APR Range: 4.90% - 14.49%
- No Credit Impact to Apply
- Completely Free to Use
- BBB® A+ Rating
- Loan Size: $5K - $500K
- APR Range: 4.90% - 14.49%
- Won't Hurt Credit
- 100% Free to Use
- BBB® A+ Rating
Credible Highlights
- Credible finds you the lowest student loan refinance rates in 2 minutes, totally for free from as low as 4.90% - 14.49% APR
- Get $200 cash if you close elsewhere with a better rate! Credible has a best rate guarantee. Terms apply*
- Credible is great for getting a cash bonus, but Credible is also great because they also have live customer service to help with your refinance request
- Credible never sells your information or bombards you with spam calls, emails, etc.
- Fill out a quick simple form (2 mins)
- Completely free to use Credible and will NOT impact your credit score
- Loan Size: $5K - $500K+
- No Credit Impact to Check Rates
- Same-day application
Splash Financial Highlights
- Splash uses credit unions to offer lower rates than traditional banks
- Live customer support to help with you refinance request
- Completely free to refinance with Splash, no hidden fees
- No impact to your credit score for checking rates
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- Loan Size: $10K - $500K
- No Credit Impact to Apply
- Compare Rates from MEFA
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MEFA Highlights
- Compare low fixed and variable interest rates from MEFA
- Flexible 7-, 10-, and 15-year repayment terms
- You don't have to have graduated to refinance with MEFA
- Completely free to search rates with MEFA through Credible and will NOT impact your credit score
- Fill out a quick simple form (2 mins)
- Credible never sells your information or bombards you with spam calls, emails, etc.
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- Loan Size: $10K - $500K+
- No Credit Impact to Apply
- A popular choice!
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Citizens Bank Highlights
- Refinancing could save you an average of $2,628* a year.
- Payments on your terms with the option to select 5, 7, 10, 15 or 20 year terms
- Use Credible to find your rate with Citizens Bank and apply online in 3 easy steps
- Completely free to search rates with Citizens Bank through Credible and will NOT impact your credit score
- Fill out a quick simple form (2 mins)
- Credible never sells your information or bombards you with spam calls, emails, etc.
- Loan Size: $7.5K - $300K
- Quick Application
- Flexible Repayment Plans
LendKey Highlights
- LendKey offers a super fast application, with flexible refinance terms
- No impact to your credit score for checking rates
- No fees or prepayment penalties
- Reduce interest rate by 0.25% by signing up for automatic payments
- Direct student loan refinancing company
- LendKey uses a diverse network of banks and credit unions to offer ultra low rates
- Loan Size: $5K - $500K
- APR: from 2.50% fixed*
- Flexible repayment options
- 100% free & no hidden fees
- Low rates for large loans
Earnest Highlights
- Dedicated "client happiness" team is available via call, text, or email
- No hidden fees and very flexible payments. Get fully refinanced in same-day.
- Earnest takes other factors into consideration beyond your credit score, like your savings, career trajectory, and more
- 1.88% - 5.64% variable APR (includes 0.25% autopay discount)
- Great for borrowers with less than a perfect credit score
- Over 100,000 clients with 8.6 billion in refinanced student loans
- No impact to your credit score for applying
Best Overall Choice:
- Loan Size: $5K - $500K
- APR Range: 4.90% - 14.49%
- No Credit Impact to Apply
- Completely Free to Use
- BBB® A+ Rating
- Loan Size: $5K - $500K
- APR Range: 4.90% - 14.49%
- Won't Hurt Credit
- 100% Free to Use
- BBB® A+ Rating
Credible Highlights
- Credible finds you the lowest student loan refinance rates in 2 minutes, totally for free from as low as 4.90% - 14.49% APR
- Get $200 cash if you close elsewhere with a better rate! Credible has a best rate guarantee. Terms apply*
- Credible is great for getting a cash bonus, but Credible is also great because they also have live customer service to help with your refinance request
- Credible never sells your information or bombards you with spam calls, emails, etc.
- Fill out a quick simple form (2 mins)
- Completely free to use Credible and will NOT impact your credit score
🚨🚨🚨The student loan interest rate moratorium (put in place over 3 years ago because of the Covid-19 pandemic) has officially ended as of September 1st, 2023. This means your student loan is NOW accruing interest everyday. Additionally, student loan payments have resumed as of October 1st, 2023. So if you don’t pay your student loans, you will fall behind.🚨🚨🚨
Your student loans will cost more each month, and remember, you must pay back your student loans. There is no student loan forgiveness, and student loans are the only type of loans that are not eligible for bankruptcy.
There is absolutely ZERO downside to refinancing your student loans and replacing your interest rate with a lower rate. It’s a no brainer. You will lower your monthly payment and save potentially thousands of dollars each month.
Note: The loan companies on this page offer student loan refinancing at different rates.
Overall, Credible is best for student loan refinancing for any existing student loan size.
What Student Loans are Eligible?
Both graduate and undergraduate student loans can be refinanced. Private and federal student loans can be refinanced as well. There is also no limit on the number of times you can refinance.
Why Should I Refinance My Student Loans
Simply put, refinancing student loans is one of the easiest ways you can save money by doing nothing. Chances are, when you got your student loan, whether it was last year or 20 years ago, rates have fallen since then.
This is why refinancing is so important. It won’t cost you anything, and you’ll instantly lower your APR, which equates to lower monthly payments and more money in your pocket. For example, if your current student loan APR is 4% on a loan balance of $100,000, and you refinance to 2%, you’ll save $2,000 per year just by refinancing!
At the end of the day, refinancing your student loans is a no-brainer. Essentially, you’re replacing a higher interest rate with a lower interest rate, and this means you’ll save more money!
Main Benefits of Refinancing
Here are the key reasons why refinancing student loans is paramount:
- You can save thousands of dollars over the course of your student loan
- Potentially pay off your student loan faster
- Removing a cosigner is easy when refinancing
- Lower APR = more savings for you
- No harm to your credit score to see if you qualify
According to Brookings University, there’s currently $1.5 trillion in student loan debt in America. This is a shockingly large number, but what’s often neglected is the interest rate that Americans are paying on their student loan debt.
It’s simply a fact that the majority of the $1.5 trillion in student loans is not currently financed at the best available APR. That’s why it’s so important to always stay on top of your finances and check to see if you’ll save money by refinancing your student loans.
A Little About Student Loan Refinancing
One of the most common misconceptions about refinancing student loans is that applying or refinancing will somehow negatively effect your credit score.
This is completely false. For the student loan refinance companies listed on this page, there is no harm to your credit score for checking your refinance rate or applying. In fact, your credit score can actually improve when you successfully refinance because you’ll pay less every month and ensure that you’ll always be able to make your payments on time.
Recap: Best Student Loan Refi Companies
- Loan Size: $5K - $500K
- APR Range: 4.90% - 14.49%
- No Credit Impact to Apply
- Completely Free to Use
- BBB® A+ Rating
- Loan Size: $5K - $500K
- APR Range: 4.90% - 14.49%
- Won't Hurt Credit
- 100% Free to Use
- BBB® A+ Rating
Credible Highlights
- Credible finds you the lowest student loan refinance rates in 2 minutes, totally for free from as low as 4.90% - 14.49% APR
- Get $200 cash if you close elsewhere with a better rate! Credible has a best rate guarantee. Terms apply*
- Credible is great for getting a cash bonus, but Credible is also great because they also have live customer service to help with your refinance request
- Credible never sells your information or bombards you with spam calls, emails, etc.
- Fill out a quick simple form (2 mins)
- Completely free to use Credible and will NOT impact your credit score
