average savings of1
$10,500
5, 10, 15 & 20 Yr Loans. Rates start at4
2.14%
3.25%
average savings of1
$10,500
5, 10, 15 & 20 Yr Loans. Rates start at4
2.14%
3.25%

How It Works

Finding the right loan can be time consuming and confusing. That's why we've simplified the process using a single platform that allows you to find, customize, and fund your loan through our network of credit unions and community banks.



LOWER YOUR PAYMENTS

You can reduce your interest rate, lower your monthly payments, and save thousands over the lifetime of your student loans.


SIMPLIFY YOUR FINANCES

You'll be able to refinance your federal and private student loans, including graduate loans, into one convenient loan at a great rate.2


FLEXIBLE REPAYMENT TERMS

Get personalized quotes with various repayment terms, including interest-only payments for the first four years.


NO HIDDEN FEES

Refinancing student loans through LendKey means no origination fees or penalties for making extra or early payments!

Refinancing Calculator

Our fast and easy student loan refinancing calculator lets you plug in your remaining loan balance and existing monthly payments so you can quickly figure out whether refinancing your student loans can improve your finances.

See whether refinancing student loans is right for you. You can save over $10,500!1
Use Calculator

WHY REFINANCE STUDENT LOANS?

Depending on how long you’ve been out of school, your annual income and credit history is likely to have improved. By refinancing your existing student loans you may see a dramatic reduction in your interest rate – even a few points. With only a few exceptions, it is generally advisable for all student debt holders to at least explore a refinancing scenario, especially since getting your rate through LendKey’s platform will have no impact on your credit score.

OUR GUIDE

VARIABLE RATE vs FIXED RATE STUDENT LOANS

Student Loan Refinancing: Variable vs Fixed Rate

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 more savings.

LEARN MORE

FEDERAL AND PRIVATE STUDENT LOANS

Consolidate Federal and Private Student Loans

With LendKey’s student loan consolidation and refinancing, you can combine your federal and private student loans into one convenient payment with a lower interest rate. That could help you better manage your finances, and save over the lifetime of your loan.

HOW IT WORKS

WHY REFINANCE STUDENT LOANS?

Depending on how long you’ve been out of school, your annual income and credit history is likely to have improved. By refinancing your existing student loans you may see a dramatic reduction in your interest rate – even a few points. With only a few exceptions, it is generally advisable for all student debt holders to at least explore a refinancing scenario, especially since getting your rate through LendKey’s platform will have no impact on your credit score.

OUR GUIDE

VARIABLE RATE vs FIXED RATE STUDENT LOANS

Student Loan Refinancing: Variable vs Fixed Rate

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 more savings.

LEARN MORE

FEDERAL AND PRIVATE STUDENT LOANS

Consolidate Federal and Private Student Loans

With LendKey’s student loan consolidation and refinancing, you can combine your federal and private student loans into one convenient payment with a lower interest rate. That could help you better manage your finances, and save over the lifetime of your loan.

HOW IT WORKS

Frequently Asked Questions About Refinancing Student Loans

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.

When you refinance student loans you basically consolidate 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.

Some of our 15 year refinancing loans allow you to choose between a level and a graduated repayment option. With a level repayment you make the same monthly payment amount each month for 15 years. With a graduated repayment your monthly payments start lower for the first four years, and increase for the last 11 years. This may be a good option if you need a lower payment now, but expect to make more money in the future. Be aware that your payments will go towards interest only—not principal—in the beginning of the graduated repayment plan.

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 loan is 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.

Recent Customer Reviews

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.

Calculation for "save over $10,500" is based on refinancing $72,000 of Direct PLUS loans, a lifetime value of $101,255.34. After refinancing, a borrower could save over $10,500 and pay $90,626 in total over the 15-year of the loan with a rate as low as 3.18% (including a reduction for autopay).

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 - AutoPay Discount

Subject to floor rate and may require the automatic payments be made from a checking or savings account with the lender. 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.