Best Student Loan Refinance Rates

Last updated: December 14, 2018
  • 5,7,10,15 and 20-year terms available
  • Variable rates starting at 2.55% APR* and fixed rates starting at 3.09% APR*
  • Expert loan officers offer personalized loan services
  • Consolidate multiple student loans
  • Flexible terms and rates available
  • No application or origination fees
  • No early payment penalties or fees
  • Reduce monthly payment up to 40%
  • Average savings $15,270
  • Rates as low as 2.56% (variable) or 3.25% (fixed APR)
  • 5,7,10,15 and 20-year terms available
  • No obligation to accept
  • No fees or prepayment penalties
  • Find your rate in two minutes
  • Consolidate and refinance your federal or private student loans
  • Fixed rates starting at 3.899% – 8.179% APR* (with AutoPay) and 4.149% to 8.054% APR* (without AutoPay)
  • Variable rates starting at 2.470% to 6.990% APR* (with AutoPay) and 2.720% to 7.240% APR* (without AutoPay)
  • SoFi requires a 650 FICO score to apply for student loan refinancing
  • Refinance now before rates rise
  • Customers can save an average of $14,517
  • Compare rates for free
  • A+ BBB Accredited Company
  • Rates start for as low as 2.58% variable and 3.74% fixed APR
  • Find your rate in two minutes
  • Checking your rates does not affect your credit score
  • Select from multiple student refinance offers
  • 5,7,10,15 and 20-year terms available
  • Variable rates starting at 2.55% APR* and fixed rates starting at 3.09% APR*
  • Expert loan officers offer personalized loan services
  • Consolidate multiple student loans
  • Flexible terms and rates available
  • No application or origination fees
  • No early payment penalties or fees
  • Reduce monthly payment up to 40%
  • Average savings $15,270
  • Rates as low as 2.56% (variable) or 3.25% (fixed APR)
  • 5,7,10,15 and 20-year terms available
  • No obligation to accept
  • No fees or prepayment penalties
  • Find your rate in two minutes
  • Consolidate and refinance your federal or private student loans
  • Fixed rates starting at 3.899% – 8.179% APR* (with AutoPay) and 4.149% to 8.054% APR* (without AutoPay)
  • Variable rates starting at 2.470% to 6.990% APR* (with AutoPay) and 2.720% to 7.240% APR* (without AutoPay)
  • SoFi requires a 650 FICO score to apply for student loan refinancing
  • Refinance now before rates rise
  • Customers can save an average of $14,517
  • Compare rates for free
  • A+ BBB Accredited Company
  • Rates start for as low as 2.58% variable and 3.74% fixed APR
  • Find your rate in two minutes
  • Checking your rates does not affect your credit score
  • Select from multiple student refinance offers

Why Consider Student Loan Refinancing?

Best Student Loan Refinance Rates. Basically, if you’re approved, a refinancing company will pay off your old loan and give you a new loan at a lower interest rate. #studentloan #rates #refinancerates About 70 percent of college students are graduating with student loan debt these days. If you’re one of them, it’s well worth your time to consider refinancing. Refinancing sounds like a long and complicated process, but it’s actually pretty easy. How do you find out what the best student loan refinance rates are?

Basically, if you’re approved, a refinancing company will pay off your old loan and give you a new loan at a lower interest rate.

There are a lot of benefits to refinancing. You can get a lower monthly payment, for one. And the reduced interest rate can save you thousands of dollars over the life of your loan – especially if you refinance early on in your repayment. Some companies even offer special benefits to their customers, such as unemployment protection programs.

You generally need to have good or excellent credit in order to refinance your student loans, but it doesn’t hurt to check your eligibility and the companies’ rates – it’s free, and you could potentially save thousands. So round up your student loan information and get started!

  • Fixed rates from 3.899% APR to 7.804% APR (with AutoPay). Variable rates from 2.470% APR to 6.990% APR (with AutoPay). Interest rates on variable rate loans are capped at either 8.95% or 9.95% depending on term of loan. See APR examples and terms. Lowest variable rate of 2.470% APR assumes the current index rate derived from the 1-month LIBOR of 2.08% plus 0.64% margin minus 0.25% ACH discount. Not all borrowers receive the lowest rate. If approved for a loan, the fixed or variable interest rate offered will depend on your creditworthiness, and the term of the loan and other factors, and will be within the ranges of rates listed above. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. *To check the rates and terms you qualify for, SoFi conducts a soft credit inquiry. Unlike hard credit inquiries, soft credit inquiries (or soft credit pulls) do not impact your credit score. Soft credit inquiries allow SoFi to show you what rates and terms SoFi can offer you up front. After seeing your rates, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit inquiry. Hard credit inquiries (or hard credit pulls) are required for SoFi to be able to issue you a loan. In addition to requiring your explicit permission, these credit pulls may impact your credit score. Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi’s underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636.(www.nmlsconsumeraccess.org)