If you are looking to lower your interest rate, lower your monthly payment, or pay your loans off faster, then we recommend the following highly-rated lenders:
Refinance Rates Are Reaching New Lows
If you want to save money or pay off your student loans faster, then refinancing can help you do that.
When you refinance student loans, you replace all of your current student loans with a single new student loan with a lower interest rate.
Make sure to apply and compare the best interest rates and terms from a few of the lenders above. Just like with anything else, you'll want to shop around for the best rate.
Will I Qualify To Refinance?
You won't know if you qualify until you apply.
However, the best applicants have the following in common: A credit score of 650+, currently employed (or have a job offer), a low debt-to-income ratio, and no history of student loan default.
If you have bad credit or can't check off the other boxes, you'll likely need to apply with a co-signer.
Each lender's decision is independent, so being rejected by one does not mean that you'll be rejected by all of them.