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HomeFintech NewsWhat Is Student Loan Refinancing? How Do I Refinance My Student Loans?...

What Is Student Loan Refinancing? How Do I Refinance My Student Loans? Am I Eligible for Student Loan Refinancing?

Finally ready to refinance your student loans and get rid of that awful feeling of guilt? The good thing is, you are in a perfect place to find the best lenders and banks which will help you achieve that!

So, you don’t need to spend any more of your time doing research, because we have done that instead of you. Continue reading because at the list below you will finally find your most reliable lender or a bank which will help you refinance your student loan!

Refinancing Student Loans with Earnest

You can refinance your loans both from federal and private lenders here. This is for undergraduate or graduate students with loans.

When it comes to rates, you must know how those start with autopay at the amount of 2.50% APR, and also have a fixed price with autopay of 3.89% ARP. With Earnest, you are able to refinance your loan within 5 to even 20 years. You are the one here who pick the monthly payment!

Refinancing Student Loans with SoFi

If you are searching for a bank that refinances federal or private student loans, you are in a perfect place! When it comes to APR and the years of refinancing, this one is almost the same as Earnest, but it has higher variable rates (up to 7.12% ARP). Yet, you won’t need to pay any prepayment penalty, neither any origination fee.

Refinancing Student Loans through LendKey

For those related to non-profit-lenders, LendKey definitely has the best offers. They have a trained customer care team which will guide you from first to the last moment of refinancing your student loan.

Fixed and variable rates are a little bit higher than in two banks mentioned above, yet, this one offers you unemployment protection and cosigner release.

Be sure that you check all the service you can get from these banks before you decide which one will help you refinance your student loans.

Disclaimer: The information on this site is provided for discussion purposes only, and should not be misconstrued as investment advice. Under no circumstances does this information represent a recommendation to buy or sell securities.
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