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Student Loan Refinance
 
Potentially Lower Rate and/or Payment
One Convenient Payment
Competitive Rates
Easy Online Application
Personalized Support

Take control of your student loan repayment! Refinance and consolidate your private and federal student loans (including PLUS loans) into one manageable loan, setting up one convenient payment and potentially lowering your rate.

Should I Refinance My Student Loans?

Refinancing your student loans could help you pay off your loans sooner or save on your monthly payment, but every student loan situation is unique. Here are some things to consider before deciding if you should refinance:

Pros

  • One loan with one simple payment means less paperwork and hassle
  • Potentially save money on interest and lower long-term debt
  • Potentially lower your payment to help with monthly cash flow

Cons

  • Potential loss of certain borrower benefits associated with federal student loans*
  • Payments could be extended over a longer repayment term in exchange for a lower monthly payment
  • Shortening the repayment term (which may reduce interest paid) could raise your monthly payment

NOTE: The CARES Act was passed in response to events related to the Coronavirus pandemic and includes broad relief measures for federal student loan borrowers. If you are considering refinancing your federal student loans, please make sure to review these measures at www.studentaid.gov/coronavirus to understand your options.

Eligibility Requirements:

To be eligible to refinance your student loans, you must have graduated from an approved school‡ and be a member of the credit union from which you choose to borrow. You may apply without being a member of the credit union, but you will need to become a member in order for the loan to be funded.
College graduates who are:

  • U.S. citizens or permanent residents who have graduated from an approved public or private not-for-profit school (a bachelor’s degree is the minimum required)
  • At least the age of majority in your state of residence. Please note, in most states, you must be at least 18 years old. You must be 19 years old in Alabama. You must be 21 years old in Mississippi and Puerto Rico. If you are not the age of majority in your state you may qualify with a cosigner who is or other unique circumstance that would allow you to qualify.
  • In repayment or grace on one or more outstanding private or federal student loans
  • Able to meet underwriting criteria (a cosigner may be necessary and may also help you qualify for a lower rate)
‡By refinancing federal student loans, you may lose certain borrower benefits from your original loans. These may include interest rate discounts, principal rebates, or some cancellation benefits that can significantly reduce the cost of repaying your loans. ‡‡Approved schools subject to change without notice.
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Private Student Loans
 
Multi-Year Line of Credit
Competitive Rates
Easy Online Application
Funds Sent Directly to Your School
Dedicated Account Representative to Help You During the Process

Our credit union partners’ private student lending solutions help fill funding gaps left after you’ve exhausted lower-cost sources of aid such as scholarships, grants, and federal student loans.

Convenient and Flexible College Funding

It’s different than a traditional loan! Nearly all of our credit union partners offer a private education line of credit that will allow you to secure funding for your entire undergraduate or graduate career with just one application.* In future years you simply request funds from your line (called a “draw”) for the amount you need – no need to reapply! And with convenient terms and no payments required while you’re fully enrolled, we’ll help you successfully manage repayment after college.

Eligibility Requirements:

To be eligible for a private education line of credit, you must be enrolled in a degree-granting program at an approved school** and be a member of the credit union from which you choose to borrow. You may apply without being a member of the credit union, but you will need to become a member in order for the loan to be funded.

*Subject to credit qualification and annual review. Must meet school's Satisfactory Academic Progress (SAP) requirements. ** Approved schools subject to change without notice.
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*APR = Annual Percentage Rate

In order to apply for a loan, you must first pick an individual credit union from which you wish to borrow. You can apply for the loan without being a member of the credit union you select, but you will need to become a member of that credit union in order to receive a funded loan. Therefore, it's important that you select a credit union that you will be eligible to join. Credit union membership requirements can include where you live, work, or attend school. Results are based on membership criteria provided by individual credit unions and do not imply a guarantee regarding accuracy or eligibility to join the listed credit union(s).

Calculations are based on the lowest possible rate and available repayment terms per lender. Rate estimates are based on credit information entered by the user and will not impact your credit. During the application process, a hard credit inquiry will be performed to provide exact rate information. Repayment calculations assume immediate full repayment. View the full range of rates and terms by visiting your credit union's website using links listed for each credit union above.

Using the free student loan refinance calculator does not constitute an offer to receive a loan and will not solicit a loan offer. Any payments and savings will depend on the actual amounts for which you are approved, should you choose to apply. This calculator is provided for educational purposes only and should not be relied upon as financial advice. Always consult your credit union or financial advisor when making your decision.

IMPORTANT NOTICE for refinance borrowers: By refinancing federal student loans, you may lose certain borrower benefits from your original loans. These may include interest rate discounts, principal rebates, or some cancellation benefits that can significantly reduce the cost of repaying your loans. Please review this important disclosure for more information.

Your actual rate within the range stated will be disclosed upon approval. Student borrowers may apply with a creditworthy cosigner which may result in a better chance of approval and/or interest rate.