Lower Your Payments & Rates
It may be possible to reduce your interest rate and lower your monthly payments.
Many of our lenders offer various repayment options, including interest-only payments for the first four years.
Simplify Your Finances
Many lenders allow you to consolidate your federal and private student loans, including graduate loans, into one loan. 1
Most of our lenders don’t charge borrowers origination fees.
Cosigner Release Available
Many lenders offer cosigner release to creditworthy borrowers who have made consecutive, full on-time principal + interest payments.2
.25% ACH Interest Rate Reduction
When you sign up for automatic payments, many of our lenders could drop your interest by .25%. 3
If you are struggling to repay your student loans, you are not alone. Student loan
debt in the USA has risen by more than 35% within the past 10 years, and the typical student
leaves college saddled with more than $30,000 in student loan debt. Many of those who
go on to grad school will rack up debts in the six figures.
The good news, though, is that there are financial strategies that can help lessen the burden
of repaying your loans. One of the most effective methods is to refinance and consolidate your existing student loans into one that is more affordable and manageable.
Graduates from thousands of U.S. colleges and universities are
eligible for loans from LendKey’s network of community lenders.
Loans are funded by not-for-profit credit unions and
community banks. These local financial institutions keep
operating costs low to pass savings directly to members.
Choose your state
Click on the state where you currently reside.
plans and select
Compare the rates and offers that are available to you from the lenders in your state. Choose the plan that’s best for you.
Apply and upload
Use our online application and verify your identity and income. (It’s fine to submit screen shots, smartphone photos, and scans.)
Accept your loan
Review your terms. Then submit your electronic signature to start saving.
List all of your existing student loans in your application.
Once your application is approved, all of the loans you’ve applied to consolidate are paid off in full by the new lender.
You get one new loan reflecting the total of all the combined loans at a lower rate, and a single payment to make each month.
How To Apply
1. IMPORTANT NOTICE REGARDING THE REFINANCING OF YOUR FEDERAL STUDENT LOANS: Please be aware that you may potentially lose certain benefits associated with your federal student loans by refinancing such federal loans with a private student loan consolidation. These benefits may include favorable repayment options, loan and fixed interest rates, extended loan terms, and loan forgiveness. We strongly advise that you seek professional advice and examine our benefits and options before refinancing your federal loans. It is important to us that you are comfortable with potentially forfeiting benefits that may not be offer through our consolidation loan
2. In order to qualify, the borrower, alone, must meet the lender's credit criteria, and the borrower's loan account must be and remain current up until the lender's decision to release the cosigner has been made.
3. Subject to floor rate. The rate reduction will be removed and the rate will be increased by 0.25% upon any cancellation or failed collection attempt of the automatic payment and will be suspended during any period of deferment or forbearance. As a result, during the forbearance or suspension period, and/or if the automatic payment is canceled, any increase will take the form of higher payments.