Lower Your Payments & Rates
A student loan refinance could help to reduce your interest rate and lower your monthly payments.
Many of our student loan refinance 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 convenient loan at a great rate. 1
Most of our community lenders don’t charge borrowers origination fees.
Cosigner Release Available
Many of our student loan refinance lenders offer
co-signer release to creditworthy borrowers who have made consecutive, full on-time principal + interest payments.2
0.25% ACH Interest Rate Reduction
When you sign up for automatic payments, many of our community lenders could drop your interest by 0.25%. 3
All loans on LendKey.com are funded by credit unions and community banks.
These financial institutions keep operating costs low, and pass on the savings directly to you.
Lowest Variable Rate
(15 year term)3
Our Community Lenders
Not all applicants qualify for the lowest rate. Rates for Wells Fargo, SoFi, and CommonBond
are based on data compiled in April 2015 from company websites.
If you’re having a tough time repaying your student loans, you’re 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 ultimately rack up debts in the six figures.
While that’s not exactly good news, here’s some that you’ll like: LendKey offers financial strategies that can help ease the burden of repaying your loans. One of the most effective methods is to refinance and consolidate your existing student loans into one loan that’s more affordable and manageable, with a low rate and a low monthly payment.
How To Apply
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.
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 offered through our consolidation loan
2. Most of our lenders don't charge borrowers origination fees. 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.