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Do you have at least $15,000 in student loan debt?
Yes

What is student loan rate refinancing?

When you refinance student loan rates, you take out a new loan, usually with a lower interest rate, to pay off your existing student loans. You then make one monthly payment on your student loans to the lender of the consolidation loan. You can choose to refinance student loan rates for both federal and private student loans.

How do I apply to refinance student loan rates

You can apply for free to refinance student loan rates by clicking "apply now" anywhere you see it on our site. Our simple online application will take you only a few minutes to fill out. Once we have your application, we will contact you via telephone within fifteen minutes if you applied during 8 AM-10 PM EST. You do not need to know the details of your student loan portfolio to apply. Our representatives can answer any questions you have before you refinance student loan rates.

How much does it cost to refinance student loan rates?

You can refinance student loan rates for federal education loans for free. Federal student loan consolidation is a free, government-sponsored program, but the actual loan will still be issued by a private lender. Federal law imposes certain interest rate caps on federal consolidation loans and also prohibits lenders from charging application and origination fees. You can also refinance student loan rates for private education loans, but you will likely have to pay application, origination, and/or other fees.

Is a credit check required to refinance student loan rates?

Whether you will need to pass a credit check will depend on what type of student loans you wish to refinance. To refinance student loan rates for federal loans, you do not need to pass a credit check. For private loans, however, you will need to pass a credit check. If your credit or your income is insufficient to qualify you to refinance private student loans, you also have the option of adding a co-signer to your agreement. You can release your co-signer from the agreement after you have made your first 48 payments on time.

Does the government actually issue my refinancing loan?

No, the government sponsors the federal consolidation program but does not actually issue the consolidation loans. Regardless of whether you're refinancing private or federal education loans, the consolidation loan will be issued by a private lender.

Why should your refinance your student loan? Read about the ways refinancing a loan can benefit you.