Refinancing Loans
Getting you to the future faster.
Refinancing your student loans can help you get a lower monthly payment and save you money on interest by paying off your debt faster. We offer flexible repayment options, no origination fees, and our trademark low, fixed rates to get you out of student debt quickly and keep you moving forward.
Our complete low-interest loans work with you in mind.
| Repayment Term | Fixed Interest Rate |
|---|---|
| 10-year | 5.09%-6.24% |
| 15-year | 5.34%-6.74% |
| 20-year | 5.59%-7.24% |
Interest Rate Calculation
Here is an example:
- Loan Amount: $10,000
- Fixed Interest rate: 5.09%
- Repayment Term: 10-year term
- Estimated Payment: $107/month for 120 months
- Estimated Interest Over Life of Loan: $2,780
The lowest fixed interest rate an applicant can qualify for is 5.09% with a 10-year repayment term.
The highest fixed interest rate an applicant can qualify for is 7.24% with a 20-year repayment term. If you DO NOT make over $45,000/year, you will need to apply with a creditworthy cosigner. If you’re concerned about your ability to qualify due to credit, don’t stress—just consider applying with a creditworthy cosigner.
The highest fixed interest rate an applicant can qualify for is 7.24% with a 20-year repayment term. If you DO NOT make over $45,000/year, you will need to apply with a creditworthy cosigner. If you’re concerned about your ability to qualify due to credit, don’t stress—just consider applying with a creditworthy cosigner.
Important terms to compare
A Refinance loan has a fixed interest rate for the life of the loan determined by the applicant’s/co-signer’s credit and the repayment term chosen. The lowest fixed interest rate an applicant can qualify for is 5.09% with a 10-year repayment term. The highest fixed interest rate an applicant can qualify for is 7.24% with a 20-year repayment term.
A Direct Consolidation Loan provided by Federal Student Aid also has a fixed interest rate for the life of the loan. However, the Direct Consolidation Loan’s fixed rate is calculated using the weighted average of the interest rates for all of the loans being consolidated, rounded up to the nearest one-eighth of one percent. There is no cap on the interest rate of a Direct Consolidation Loan.
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