Student Loan Refinancing Made Easy
Experience the freedom that comes with saving on your student loans and refinance today.
✔ Fast & simple application. Get pre-approved instantly.
✔ No fees. No origination fees or pre-payment fees.
✔ Lower your monthly payment. Multiple repayment options to fit your budget.
Checking rates will NOT affect your credit score.1
Student Loan Refinancing
Experience the freedom that comes with saving on your student loans and refinance today.
- Fast & simple application. Get pre-approved instantly.
- No fees. No origination fees or pre-payment fees.
- Lower your monthly payment. Multiple repayment options to fit your budget.
Checking rates will NOT affect your credit score.1
Loans on your terms
5 - 20 years
and no origination fees
Rates as low as (w/AutoPay) 4
4.47%
VARIABLE APR
4.49%
FIXED APR
5 - 20 years
and no origination fees
Loans on your terms
We are trusted by clients referred to us by these leading companies:
Benefits of Using LendKey
Lower Your Payments
You can reduce your interest rate, lower your monthly payments, and save thousands over the lifetime of your loan when you refinance student loans.
Simplify Your Finances
Through our lenders you'll be able to refinance student loans, both federal and private, including graduate loans, into one convenient loan at a great rate.
No Origination Fees
When you refinance student loans through us, our lenders won't charge you any origination fees.
Flexible Options
Many of our student loan refinance lenders offer various repayment options, including fixed and variable rate loans from 5 - 20 years.
Save Money with Student Loan Refinancing
The average student graduates college with more than $30,000 dollars in student loans. Those that go on to graduate school will graduate with even more debt, many times in the six figures for professional degrees. Borrowers don’t always realize that their loans are costing them more than they think. Interest is tacked on to the loan amount (i.e., principal) making the total cost of the loan greater. While there is no way to eliminate student loan debt without paying it off, there are some tactics to reduce the overall cost of the principal and interest combined. One way is with a student loan refinance.
You could be saving thousands of dollars when you refinance your student loans.
Many borrowers are eligible to refinance but don’t know where to start. The first step is to get familiar with how student loan refinancing works.
Should I Refinance My 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.
What is Student Loan Refinancing?
Refinancing student loans allow you to do a few things. If you have multiple loans, you can combine them into one brand new loan making it more convenient to stay on top of personal finances. You’ll also sometimes have the opportunity to release cosigners on your existing loans eliminating them from any liability for your loans. But probably most exciting is the opportunity to save money. With a student loan refinance, you are replacing all of your existing student loans (or a single student loan if you only have one) with a new loan with new terms. By qualifying for a lower interest rate or reducing the payback period of the new loan, you could save thousands in interest over the life of the loan.
Is there a catch to refinancing student loans?
You still have to qualify for a loan to refinance. However, the idea is that over time your credit score has improved and you are now bringing in a steady income with the degree you got. A better credit score could mean more attractive loan terms and rates. With a steady income, you would also be viewed as a lower-risk refinancer.
You would need to carefully consider when refinancing federal student loans though because they often come with benefits, such as loan forgiveness in certain career paths. When refinancing, you’d lose those student loan benefits—so decide whether or not you’d use any of them before refinancing.
Loans You Can Trust
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 banks and credit unions.
Starting the Student Loan Refinance Process
Depending on the type of loans you have, there are two options when refinancing your student loans. If you have only federal student loans, refinancing is usually done through the Federal Direct Consolidation Loan Program offered by the government. If you have private student loans, you’ll have to go through a private lending institution such as a bank or credit union. Finally, federal and private student loans can both be combined into a single new loan with better rates, better terms and one easy-to-keep-track-of bill to pay every month. However it must be done through a private bank or credit union. Keep in mind that refinancing federal student loans will eliminate the benefits that come with them.
Check out our student loan refinancing calculator to see how much you could be saving. When you’re ready to get started, we are here to help with your student loan refinance through our network of lenders!
Refinancing Calculator
Our fast and easy student loan calculator lets you plug in your remaining debt and monthly payment to figure out if refinancing can improve your finances.
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 life of your loan.
Variable Rate vs. Fixed Rate Student Loans
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.
Student Loan Refinance FAQs
Yes, we can refinance private and federal student loans together that were taken out in your name as the student borrower. Please be advised that there are specific benefits that come with federal loans, such as loan forgiveness and income-based repayment options. You will be forfeiting your eligibility for receiving those benefits when you refinance with a private lender.
Refinancing your federal loan(s) on our website means that you will lose current and future federal student loan benefits that you may be eligible for. If you have federal student loans, we strongly recommend reviewing your current and potential future benefits before refinancing. More information about the federal student loan program can be found at http://studentloans.gov.
Student Loan Refinancing
Save money, simplify payments
Lower Your Payments
Simplify Your Finances
No Fees, No Surprises
Flexible Terms and Rates
Student Loan Refinancing
Save money, simplify payments
Lower Your Payments
Simplify Your Finances
No Fees, No Surprises
Flexible Terms and Rates
Do You Qualify?
Do You Qualify?
Bachelor's degree from an eligible school
Minimum credit score of 650
Steady employment or job offer
Monthly income of at least $24,000
U.S. citizen or permanent resident
Loan amount more than $5,000 unless you live in AZ ($10,001), CT ($50,001), or MA ($6,001)
Rate Ranges1
Do You Qualify?
Do You Qualify?
Bachelor's degree from an eligible school
Minimum credit score of 650
Steady employment or job offer
Monthly income of at least $24,000
U.S. citizen or permanent resident
Loan amount more than $5,000 unless you live in AZ ($10,001), CT ($50,001), or MA ($6,001)
Rate Ranges1
Do You Qualify?
Do You Qualify?
Bachelor's degree from an eligible school
Minimum credit score of 650
Steady employment or job offer
Monthly income of at least $24,000
U.S. citizen or permanent resident
Loan amount more than $5,000 unless you live in AZ ($10,001), CT ($50,001), or MA ($6,001)
Rate Ranges1
How Student Loan Refinancing Works
Check Your Rate
Complete Application
Start Saving
Still not sure where to start?
Still not sure where to start?
Why Choose LendKey for Student Loan Refinancing?
Trusted Network
Secure Process
Customer First
Frequently Asked Questions
Pros: Lower interest rates, fewer monthly payments, potential savings, and flexible loan terms.
Cons: Refinancing federal loans means losing benefits like income-driven repayment, deferment, forbearance, and loan forgiveness. Be sure to weigh your options carefully.
Ready to Lower Your Student Loan Payments?
Ready to Lower Your Student Loan Payments?
Always use grants, scholarships, and federal student loans first. Private loans should only fill the gap after you’ve exhausted all your federal aid options—federal loans offer more protections and better terms for most students.
1Full loan approval is subject to creditworthiness and other criteria. Interest rates and monthly payments will vary based on the loan amount, term length, and borrower qualifications.
The lowest rates are for the most creditworthy consumers. The initial rate is determined after a full review of the application and credit profile. To proceed with any conditional offers after pre-qualification, a full application is required, which includes another credit inquiry that may affect the credit score. Borrowers must be U.S. citizens or Permanent Residents in eligible states and meet credit and income requirements. Membership requirements, such as opening a share account and paying fees, may apply if accepting a loan from a credit union lender. Non-members can apply and become members during the loan process.