Refinance Student Loans

Student loan refinancing can save
you thousands in interest and monthly payments.

See How Much You Can Save1

Loan Amount:
Current Monthly Payment:
Your Credit Rating:
monthly payment
Annual Savings

Select your state to see loans from
community lenders in your area.

We’re right here if you need help:
(888) 549-9050

Why Refinance Student Loans Through LendKey?

Lower Your Payments & Rates Lower Your Payments & Rates

Lower Your Payments & Rates

A student loan refinance could help to reduce your interest rate and lower your monthly payments.

consolidate your federal and private student loans, including graduate loans, into one convenient loan at a great rate consolidate your federal and private student loans, including graduate loans, into one convenient loan at a great rate

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.2

Cosigner Release Available Cosigner Release Available

Cosigner Release Available

Many of our student loan refinance lenders offer cosigner release to creditworthy borrowers who have made consecutive, full on-time principal + interest payments. 3

Repayment Options on your student loan refinancing Repayment Options on your student loan refinancing

Repayment Options

Many of our student loan refinance lenders offer various repayment options, including interest-only payments for the first four years.

Most of our community lenders don’t charge borrowers origination fees. Most of our community lenders don’t charge borrowers origination fees.

No Fees

Most of our community lenders don’t charge borrowers origination fees.

0.25% ACH Interest Rate Reduction 0.25% ACH Interest Rate Reduction

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%. 4

Refinance Now

A Unified Application Process

  • Step 1
  • Step 2
  • Step 3
  • Step 4


Step Estimate: 5 Minutes

The entire application process takes place on LendKey's platform. Start by using our calculator to see how much you could save by refinancing. Then, select your state to see loan options.


Compare the rates and offers that are available to you from community lenders, and choose a refinancing option that’s best for you.


Once you select a refinancing option, you’ll continue on to the application process. Because the entire process uses LendKey’s technology, your personal information will be safe and secure!


Verify your identity, school and income (it’s fine to submit screen shots, smartphone photos, and scans.) We’ll review your documents, credit information, and let you know once your loan has been approved!


What Do Our Borrowers Think?

Greg refinanced his student loans on lendkey
Gregory Rutgers University
Refinanced with LendKey
"The customer service was fantastic and the network of credit unions was incredible. At the time when I was looking to consolidate my loans, I could not find many other opportunities like the one presented by you guys."
Abigail from Western Michigan refinanced her federal and private student loans
Abigail Western Michigan University
Refinanced with LendKey
"I had outstanding loans from Sallie Mae with an extremely high interest rate. It would have taken me over 30 years to pay my college debt. You guys were the only program that allowed me to consolidate my private student loans for one easy payment. They are much easier and nicer to work with then Sallie Mae."
refinanced his loans with lendkey
Tyler Harvard University
Refinanced with LendKey
"I liked the repayment program that was offered. Lower payments in the beginning and as I moved along in my career and earned more, I could pay more."

Low Rate Loans From Community Lenders

All loans on are funded by community lenders like credit unions and community banks. These financial institutions work with LendKey to keep operating costs low, and pass on the savings directly to you.

Unlike many larger banks that may take deposits in one state and lend in others, community banks and credit unions channel most of their loans to the neighborhoods where their depositors live and work, helping to keep local communities vibrant and growing.

About Community Lending

See how our student loan refinancing options compare to the competition

Refinance Your Student Loans

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.

Ready To Refinance?

Please select your state to see available loan offers from community lenders.

Frequently Asked Questions

When you consolidate student loans, you’re combining multiple loans together into one single loan, with one payment. You’re still paying the same total amount and same total interest. You now just have one loan instead of multiple loans.

Refinancing your loans basically consolidates them into single loan with a new interest rate, new terms, and monthly payment amount. The lender will evaluate you and your creditworthy cosigner’s (if applicable) financial information to offer you a new low and a lower rate. Read about the differences between student loan consolidation and student loan refinancing to learn more.

If you want to combine your Federal and private student loans together, you have to do it through a private lender. The Federal Direct Consolidation Loan program does not consolidate private loans into Federal loans. However, many lenders in our network do allow you to combine your private and federal loans into one payment. This page breaks down what you need to know about consolidating and refinancing your federal and private student loans together.

The interest rate is simply the percentage of the loan amount that is charged for borrowing money. The APR reflects not only the interest rate, but also any other fees charged by the lender. The APR represents the total cost of borrowing and for that reason is usually higher than the interest rate.

While you may apply on your own, applying with a creditworthy cosigner can make all the difference when it comes to a loan application’s chances for success and approval—and even result in a lower rate. Find out all the benefits of applying with a cosigner in this blog post.

A fixed rate student loan is one that maintains the same interest rate on the loan for the entire life of the loan. A variable rate student is a loan where the interest rate can adjust each month based on the current interest rates available. Whether you choose a fixed or variable rate, it’s always important to remember to pick a loan that is right for you and your particular financial situation. Remember that interest rates could rise higher than the past highs. If you’re comfortable assuming a little more risk in your payment amount, a variable rate loan does have the potential to offer savings.

1 - Calculator

The calculator above provides estimates based on the information provided and is for illustrative purposes only. Actual estimated payments can only be determined after you apply and provide all necessary documentation for review. We cannot and do not guarantee their applicability or accuracy in regard to your individual circumstances. We encourage you to seek personalized advice from qualified professionals regarding your specific financial situation.

2 - 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

3 - Cosigner Release

In order to qualify for the cosigner release, the borrower's account cannot be delinquent and he/she must submit a request, meet the consecutive, timely payment requirements, and meet the lender's credit criteria and income requirements.

4 - ACH Discout

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.