Credit Card Debt and Student Loan Refinance Applications
Small tweaks to your credit card habits can make a huge difference when you apply to refinance your student loans.
Student loan refinancing is a great way to lower interest rates and speed up debt elimination. However, refinancing isn't the best choice for all borrowers.
Student loan refinancing is a great way to lower interest rates and speed up debt elimination. However, refinancing isn't the best choice for all borrowers.
Rank | Lender | Interest_Rates_ | Loan_Amounts____ |
---|---|---|---|
1 | ![]() | 4.47% – 9.24% | $5,000 – No Max |
Splash Financial Review: Splash has competitive rates, but they start slightly higher than the top lenders. Splash also offers unique 8 and 12 year repayment terms. | Application + Up to $500 Bonus | ||
2 | ![]() | 4.53% – 8.24% | $10,000 – No Max |
ELFI Review: ELFI routinely offers excellent interest rates. Even though ELFI is new, it is the product of a regional bank that has been in business for decades. | Application + $150 Bonus | ||
3 | ![]() | 4.74% – 8.70% | $5,000 – No Max |
Laurel Road Review: Laurel Road currently has excellent approval rates combined with solid interest rates. Laurel Road also has a specialized program for medical professionals. | Application | ||
4 | ![]() | 4.74% – 9.19% | $5,000 – No Max |
SoFi Review: SoFi consistently offers the best actual interest rates to applicants. Combine that with SoFi's unique job placement program for borrowers and you have a winner. | Application + $150 Bonus | ||
5 | ![]() | 4.47% – 8.99%^ | $5,000 – No Max |
Earnest Review: The rates advertised by Earnest are among the best, but in head to head comparisons, Earnest often falls short in actual rates offered. Earnest scores points because it has by far the most flexibility on loan repayment length. | Application + $150 Bonus^ |
Click here for the full list of national lenders and reviews.
Methodology: Learn how these rankings are generated.
Small tweaks to your credit card habits can make a huge difference when you apply to refinance your student loans.
Borrowers with federal student loans serviced by Nelnet may wish to consolidate or refinance their loans. Both options have major pros and cons.
SoFi is the biggest name in student loan refinancing for a good reason, but Earnest may be the best choice for many borrowers.
There are several different factors that borrowers should consider when trying to decide between a fixed-rate and variable-rate student loan.
SoFi and Laurel Road are top lenders in student loan refinancing, but there are a few key differences between these to companies.