Lender Fixed Rates (APR) Variable Rates (APR) Terms (in years)
earnest.png 3.24% - 7.99%* 1.89%* - 7.99%* 5 - 20 years (flexible)
credible.png 2.35% - 8.73%* 1.86%* - 8.38%* 5, 10, 15 or 20 years
Commonbond.png 2.59%* - 6.94%* 1.97%* - 7.03%* 5, 7, 10, 15 or 20 years
CollegeAve.png 3.49% - 7.99%* 3.44%* - 7.99%* 5 - 15 years
Laurel Road.svg 3.99%* - 6.40%* 2.50%* - 6.30%* 5, 7, 10, 15 or 20 years
ISL Education Lending.png 3.94% - 9.08%* N/A 5, 7, 10, 15, or 20 years
LendKey.png 2.49%* - 7.93%* 2.05%* - 5.25%* 5, 7, 10, 15 or 20 years
Education Loan Finance.png 3.39% - 6.99% 1.86% - 7.98% 5, 7, 10, 15, and 20 years
Fixed Rates (APR)
3.24% - 7.99%*
Variable Rates (APR)
1.89%* - 7.99%*
Terms (in years)
5 - 20 years (flexible)
Fixed Rates (APR)
2.35% - 8.73%*
Variable Rates (APR)
1.86%* - 8.38%*
Terms (in years)
5, 10, 15 or 20 years
Fixed Rates (APR)
2.59%* - 6.94%*
Variable Rates (APR)
1.97%* - 7.03%*
Terms (in years)
5, 7, 10, 15 or 20 years
Fixed Rates (APR)
3.49% - 7.99%*
Variable Rates (APR)
3.44%* - 7.99%*
Terms (in years)
5 - 15 years
Laurel Road.svg
Fixed Rates (APR)
3.99%* - 6.40%*
Variable Rates (APR)
2.50%* - 6.30%*
Terms (in years)
5, 7, 10, 15 or 20 years
ISL Education Lending.png
Fixed Rates (APR)
3.94% - 9.08%*
Variable Rates (APR)
Terms (in years)
5, 7, 10, 15, or 20 years
Fixed Rates (APR)
2.49%* - 7.93%*
Variable Rates (APR)
2.05%* - 5.25%*
Terms (in years)
5, 7, 10, 15 or 20 years
Education Loan Finance.png
Fixed Rates (APR)
3.39% - 6.99%
Variable Rates (APR)
1.86% - 7.98%
Terms (in years)
5, 7, 10, 15, and 20 years

*APR includes a 0.25% interest rate reduction for enrollment in automatic payments.

Learn More About These Lenders

Earnest offers rates that are among the lowest in the industry, and they are known for offering incredibly flexible repayment terms, plus added protections and top-notch customer service. Earnest also gets extra points for offering lifetime loan servicing, meaning your loans won’t be re-sold to a third party.

  • 1.89%* starting interest rates on variable loans
  • 3.24%* starting interest rates on fixed loans
  • Save money on your student loans by refinancing with Earnest
  • Extremely flexible loan terms allow you to pick your payment and repay anywhere from 5 to 20 years
  • Consolidate federal or private loans
  • Non-traditional credit check considers a broader range of factors
  • Lifetime loan servicing (no third parties)
  • 12 months of unemployment protection (3 months at a time)
  • Ability to skip a payment every 12 months, after 6 months of payments
  • Minimum $5,000 balance to refinance
  • No origination, prepayment, or other hidden fees

As a newer lender in the market, Earnest offers flexible underwriting that is based on a number of factors not generally included in a traditional credit check.

Credible operates as a comparison tool for student loan refinance options. In just a few minutes, students can get rate offers and compare loan terms from multiple lenders.

In addition, Credible offers top-notch customer support by phone, email, or live chat. If you’ve got questions about your student loan refinance, they can help you answer it.

  • 1.86%* starting interest rates on variable loans
  • 2.35%* starting interest rates on fixed loans.
  • 5 – 20 year terms available
  • Consolidate federal and private loans
  • $5,000+ balances for refinance
  • No origination, prepayment, or other hidden fees

But, that’s where Credible’s role ends. Once you’ve completed your loan, it will be serviced by the lender that you’ve chosen which may mean your loan is sold off to third parties in the future. So, be sure to do your research into all aspects of the loan. Despite that, the service is incredibly valuable in allowing borrowers to quickly and easily compare rates and terms from multiple lenders and then choose the right one.

CommonBond is on a mission to make paying for school simpler and more affordable. Founded by students in 2012, CommonBond offers competitive rates, award-winning customer service, and best-in-class protections.

  • With an easy application, CommonBond is a great option to refinance your student loans.
  • Competitive rates and an autopay discount
  • Flexible repayment terms
  • 24 months of forbearance (2x industry average)
  • Death and disability protection
  • No origination fees or prepayment penalties

CommonBond is the first and only finance company with a 'one-for-one' social mission: for every loan it funds, CommonBond also funds the education of a child in need, through its partnership with Pencils of Promise. More

When it comes to refinancing student loans, College Ave knows that there is no such thing as a “one-size-fits-all” approach. Everyone has their own personal budget and goals. College Ave will help you choose how many years you take to pay back your refi loan so you can be confident that your loan is working for you.

  • 3.44% starting interest rates on variable loans(2)
  • 3.49% starting interest rates on fixed loans(2)
  • Get prequalified in 1 minute
  • Competitive Fixed and Variable Rates
  • Loan terms range from 5 - 15 years(4)
  • Refinance loan amounts as low as $5,000(3)
  • Consolidate federal or private loans
  • No origination, prepayment, or other hidden fees

Laurel Road is an established lender and is historically known for working with students refinancing graduate degrees and high debt amounts. They generally are best suited for graduated with degrees and careers in high-paying fields (physician, advanced nursing, engineering, etc.)

  • 2.50%* starting rates on variable loans
  • 3.99%* starting rates on fixed loans
  • Private lender for high-debt students
  • Refinancing available for both graduate and undergraduate degrees
  • Consolidate private and federal loans
  • 5, 7, 10, 15, and 20 year terms available
  • Also offers refinance programs for parents who borrowed to finance their child’s education
  • Fixed cap on variable-rate loans
  • No origination fee or prepayment penalty

For students who qualify, Laurel Road offers the same competitive rates as many other lenders and 5, 7, 10, 15, or 20-year loan terms. They also offer a cap on variable rate interest and no origination or prepayment fees.

The Reset Refinance Loan offered by ISL Education Lending features great rate and repayment options for borrowers looking to refinance student loans.

  • No origination, prepayment or late fees
  • 3.94%* starting APR on fixed-rate loans when using the auto-debit program
  • Refinancing available for federal (including parent PLUS loans) and private education loans
  • Options to postpone repayment for qualifying financial hardships or repay with graduated repayment plans for longer terms available
  • Lifetime loan servicing with one company
  • Cosigner release available
  • Pre-qualify in a minute with no impact to your credit

A Midwest nonprofit focused on outstanding customer service, ISL Education Lending has perfected student loan servicing during the past 40 years. Their application is streamlined and can be completed easily in 15 minutes or less. And student loan borrowers who did not earn a college degree can refinance with the Reset Loan with no rate penalty.

LendKey offers a network of not-for-profit local and regional credit unions and community banks for students looking to refinance their student loans. They act as a marketplace, allowing borrowers to get pre-qualified rates from multiple local and regional lenders and then choose the best fit.

  • 2.05%* starting interest rates on variable loans
  • 2.49%* starting interest rates on fixed loans
  • Choose from fixed and variable rates in 5, 7, 10, 15, 20 year terms
  • *275+ not-for-profit and community lenders to choose from mean higher chances for approval and lower rates
  • Available for private and federal, undergraduate and grad school student loans
  • 0.25% Interest Rate Reduction with automatic payments
  • *Interest only repayment option available for up to first four years of repayment
  • *Largest unemployment protection period in the market at 18 months
  • No origination fees or prepayment penalties
  • Cosigner release available after 12 monthly payments
  • No handoffs ever, you stay with LendKey from application to final payment
  • 97% borrower satisfaction shows our best in class customer service

Once your loan is approved and processed by the credit union of your choice, LendKey does act as your loan servicer–and they stick with your loan for life, rather than selling it off to a third-party. They also offer some of the lowest rates in the industry.

Education Loan Finance (also known as ELFI) is a division of SouthEast Bank, based in Tennessee, designed specifically to help borrowers with refinancing their student loans. Refinancing with ELFI is a great option for borrowers that value customer service. One of the highlights is that ELFI gives you access to your own Student Loan Advisor to help you through the process.

  • Prequalify to estimate your rate without affecting your credit score
  • Submit online application in minutes.
  • No application fees, origination fees, or prepayment penalties
  • Low rates and flexible repayment terms to fit your needs and goals
  • Student Loan Advisor to guide you through the application process

*APR includes a 0.25% interest rate reduction for enrollment in automatic payments.

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