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Advertiser Disclosure

10 Student Loan Refinance Alternatives to TD Bank

TD Bank doesn’t offer student loan refinancing, but there are several other lenders to consider, including online lenders, banks, and credit unions.

Dori Zinn Dori Zinn Updated March 17, 2023

Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, whom we will always identify, all opinions are our own. Credible Operations, Inc. NMLS # 1681276, is referred to here as "Credible."

TD Bank offers a wide variety of products and services to help you with your money — but if you’re looking for student loan refinancing options, you won’t find them there.

Thankfully, if you want to refinance your student loans, you have plenty of other lenders to choose from.

Here’s what you should know about TD Bank student loan refinance alternatives:

  • Alternatives to TD Bank refinancing
  • How to refinance a loan
  • When to refinance a student loan

Alternatives to TD Bank refinancing

Here are a few of your lender options for student loan refinancing:

  • Online lenders
  • Banks
  • Credit unions

Online lenders

Refinancing through an online lender can be a convenient option. Depending on the lender, you might get an approval decision within minutes, which could help streamline your refinancing experience.

Here are Credible’s online partner lenders that offer student loan refinancing:

LenderFixed rates from (APR)Variable rates from (APR)Loan terms (years)Loan amounts

brazos student loan refinance

Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
4.4%+ 4.99%+ 5, 7, 10, 15, 20$10,000 up to $250,000
(depending on degree)
  • Fixed APR: 4.4%+
  • Variable APR: 4.99%+
  • Min. credit score: 720
  • Loan amount: $10,000 to $400,000
  • Loan terms (years): 5, 7, 10, 15, 20
  • Repayment options: Military deferment, forbearance
  • Fees: Late fee
  • Discounts: Autopay
  • Eligibility: Must have a credit score of at least 720, a minimum income of $60,000, and must be a resident of Texas
  • Customer service: Email, phone
  • Soft credit check: 720
  • Cosigner release: No
  • Loan servicer: Firstmark Services
  • Max. Undergraduate Loan Balance: $100,000 - $149,000
  • Max. Graduate Loan Balance: $200,000 - $400,000
  • Offers Parent PLUS Refinancing: Does not disclose


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
5.39%+1 6.66%+1 5, 7, 10, 15, 20$10,000 to $500,000
(depending on degree and loan type)
  • Fixed APR: 5.39%+1
  • Variable APR: 6.66%+1
  • Min. credit score: Does not disclose
  • Loan amount: $10,000 to $750,000
  • Loan terms (years): 5, 7, 10, 15, 20
  • Repayment options: Immediate repayment, academic deferment, military deferment, forbearance, loans discharged upon death or disability
  • Fees: Late fee
  • Discounts: Autopay, loyalty
  • Eligibility: Must be a U.S. citizen or permanent resident and have at least $10,000 in student loans
  • Customer service: Email, phone, chat
  • Soft credit check: Yes
  • Cosigner release: After 24 to 36 months
  • Loan servicer: Firstmark Services
  • Max. Undergraduate Loan Balance: $100,000 to $149,000
  • Max. Graduate Loan Balance: Less than $150,000
  • Offers Parent PLUS Refinancing: Yes


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
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5.99%+2 5.99%+2 5, 7, 10, 12, 15, 20$5,000 to $300,000
(depending on degree type)
  • Fixed APR: 5.99%+2
  • Variable APR: 5.99%+2
  • Min. credit score: Does not disclose
  • Loan amount: $5,000 to $300,000
  • Loan terms (years): 5, 7, 10, 12, 15
  • Repayment options: Military deferment, forbearance, loans discharged upon death or disability
  • Fees: Late fee
  • Discounts: Autopay
  • Eligibility: All states except for ME
  • Customer service: Email, phone, chat
  • Soft credit check: Yes
  • Cosigner release: After 24 to 36 months
  • Loan servicer: College Ave Servicing LLC
  • Max. Undergraduate Loan Balance: $100,000 to $149,000
  • Max. Graduate Loan Balance: Less than $300,000
  • Offers Parent PLUS Refinancing: Yes

edvestinu student loan refinance

Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
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7.16%+5 7.71%+5 5, 10, 15, 20$1,000 to $250,000
  • Fixed APR: 7.16%+5
  • Variable APR: 7.71%+5
  • Min. credit score: 700
  • Loan amount: $7,500 to $200,000
  • Loan terms (years): 5, 10, 15, 20
  • Repayment options: Immediate repayment, academic deferment, forbearance, loans discharged upon death or disability
  • Fees: None
  • Discounts: Autopay
  • Eligibility: Must be a U.S. citizen or permanent resident and submit two personal references
  • Customer service: Email, phone
  • Soft credit check: Yes
  • Cosigner release: After 36 months
  • Loan servicer: Granite State Management & Resources (GSM&R)
  • Max. Undergraduate Loan Balance: $150,000 to $249,000
  • Max. Graduate Loan Balance: $150,000 to $199,000
  • Offers Parent PLUS Refinancing : Yes


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
5.08%+3 5.03%+3 5, 7, 10, 12, 15, 20$10,000 to $250,000
  • Fixed APR: 5.08%+3
  • Variable APR: 5.03%+3
  • Min. credit score: 680
  • Loan amount: $10,000 to $250,000
  • Loan terms (years): 5, 7, 10, 15, 20
  • Repayment options: Forbearance
  • Fees: None
  • Discounts: None
  • Eligibility: Must be a U.S. citizen or permanent resident, have at least $15,000 in student loan debt, and have a bachelor’s degree or higher from an approved school
  • Customer service: Email, phone
  • Soft credit check: Yes
  • Cosigner release: No
  • Loan servicer: Mohela
  • Max. Undergraduate Loan Balance: $250,000
  • Max. Graduate Loan Balance: $250,000
  • Offers Parent PLUS Refinancing: Yes


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
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5.61%+4 7.6%+4 5, 10, 15, 20$5,000 to $250,000
  • Fixed APR: 5.61%+4
  • Variable APR: 7.6%+4
  • Min. credit score: 670
  • Loan amount: $5,000 to $250,000
  • Loan terms (years): 5, 10, 15, 20
  • Repayment options: Academic deferment, military deferment, forbearance
  • Fees: Late fee, returned payment fee
  • Discounts: Autopay
  • Eligibility: Must be U.S. citizen or permanent resident
  • Customer service: Email, phone, chat
  • Soft credit check: Yes
  • Cosigner release: Yes
  • Max undergraduate loan balance: $250,000
  • Max graduate loan balance: $250,000
  • Offers Parent PLUS refinancing: Yes


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
6.94%+ 7N/A5, 7, 10, 12, 15, 20Up to $300,000
  • Fixed APR: 6.94%+ 7
  • Variable APR: N/A
  • Min. credit score: 670
  • Loan amount: Up to $300,000
  • Loan terms (years): 5, 7, 10, 15, 20
  • Time to fund: Usually one business day
  • Repayment options: Academic deferral, military deferral, forbearance, death/disability discharge
  • Fees: None
  • Discounts: Autopay
  • Eligibility: Available in all 50 states
  • Customer service: Email, phone
  • Soft credit check: Yes
  • Cosigner release: After 24 months
  • Max. undergraduate loan balance: $300,000
  • Max. graduate balance: $300,000
  • Offers Parent PLUS loans: Yes
  • Min. income: None


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
4.49%+ 5.02%+ 5, 7, 10, 15Up to $300,000
  • Fixed APR: 4.49%+
  • Variable APR: 5.02%+
  • Min. credit score: 700
  • Loan amount: $5,000 to $300,000
  • Loan terms (years): 5, 7, 10, 15
  • Max. undergraduate Loan Balance: $125,000
  • Time to Fund: 10 to 30 days
  • Repayment options: Immediate repayment, forbearance
  • Fees: Late fee
  • Discounts: Autopay
  • Eligibility: Must be a U.S. citizen or permanent resident and have already graduated with at least an associate degree from an eligible institution
  • Customer service: Email, phone
  • Soft credit check: Yes
  • Cosigner release: After 12 months
  • Loan servicer: LendKey Technologies Inc.
  • Max. graduate Loan Balance: $175,000
  • Credible Review: LendKey Student Loans review
  • Offers Parent PLUS Refinancing: No


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
5.5%+ N/A7, 10, 15$10,000 up to the total amount of qualified education debt
  • Fixed APR: 5.5%+
  • Variable APR: N/A
  • Min. credit score: 670
  • Loan amount: $10,000 up to the total amount
  • Loan terms (years): 7, 10, 15
  • Repayment options: Military deferment, loans discharged upon death or disability
  • Fees: None
  • Discounts: None
  • Eligibility: Must be a U.S. citizen or permanent resident and have at least $10,000 in student loans
  • Customer service: Email, phone
  • Soft credit check: Yes
  • Cosigner release: No
  • Loan servicer: AES
  • Max. Undergraduate Loan Balance: No maximum
  • Max. Gradaute Loan Balance: No maximum
  • Offers Parent PLUS Refinancing: Yes


Credible Rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
View details
5.79%+ N/A5, 10, 15$7,500 up to $250,000
(depending on highest degree earned)
  • Fixed APR: 5.79%+
  • Variable APR: N/A
  • Min. credit score: 680
  • Loan amount: $7,500 to $250,000
  • Loan terms (years): 5, 10, 15
  • Repayment options: Academic deferment, military deferment, forbearance, loans discharged upon death or disability
  • Fees: None
  • Discounts: Autopay
  • Eligibility: Available in all 50 states; must also have at least $7,500 in student loans and a minimum income of $40,000
  • Customer service: Email, phone
  • Soft credit check: Does not disclose
  • Cosigner release: No
  • Loan servicer: Rhode Island Student Loan Authority
  • Max. Undergraduate Loan Balance: $150,000 - $249,000
  • Max. Graduate Loan Balance: $200,000 - $249,000
  • Offers Parent PLUS Refinancing: Yes
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Trustpilot

All APRs reflect autopay and loyalty discounts where available | 1Citizens Disclosures | 2College Ave Disclosures | 5EDvestinU Disclosures | 3 ELFI Disclosures | 4INvestEd Disclosures | 7ISL Education Lending Disclosures  | 8Nelnet Bank Disclosures

Brazos: Best for Texas residents

Perks: Autopay discount; forbearance available for active-duty military, economic hardship, or natural disasters; variety of loan terms (five to 20 years)

brazos student loan refinance
4.4
Credible rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
Rates and terms
Fees and Discounts
Customer Experience
Brazos Student Loan Refinancing
Fixed APR
Lowest fixed rate available from this lender
4.4%+
Variable APR
Lowest variable rate available from this lender
4.99%+
Min. credit score
Minimum credit score needed to qualify
720
Loan amount
Range needed to refinance with this lender
$10,000 to $400,000

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  • Fixed APR: 4.4%+
  • Variable APR: 4.99%+
  • Min. credit score: 720
  • Loan amount: $10,000 to $400,000
  • Loan terms (years): 5, 7, 10, 15, 20
  • Repayment options: Military deferment, forbearance
  • Fees: Late fee
  • Discounts: Autopay
  • Eligibility: Must have a credit score of at least 720, a minimum income of $60,000, and must be a resident of Texas
  • Customer service: Email, phone
  • Soft credit check: 720
  • Cosigner release: No
  • Loan servicer: Firstmark Services
  • Max. Undergraduate Loan Balance: $100,000 - $149,000
  • Max. Graduate Loan Balance: $200,000 - $400,000
  • Offers Parent PLUS Refinancing: Does not disclose

Citizens: Best for borrowers who didn’t complete their degree

Perks: Autopay and loyalty discounts, can refinance up to $500,000 (depending on degree and loan type), both private and federal loans accepted, cosigner release (after 36 months of consecutive on-time payments)

3.7
Credible rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
Rates and terms
Fees and Discounts
Customer Experience
Citizens Student Loan Refinancing
Fixed APR
Lowest fixed rate available from this lender
5.39%+1
Variable APR
Lowest variable rate available from this lender
6.66%+1
Min. credit score
Minimum credit score needed to qualify
Does not disclose
Loan amount
Range needed to refinance with this lender
$10,000 to $750,000

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  • Fixed APR: 5.39%+1
  • Variable APR: 6.66%+1
  • Min. credit score: Does not disclose
  • Loan amount: $10,000 to $750,000
  • Loan terms (years): 5, 7, 10, 15, 20
  • Repayment options: Immediate repayment, academic deferment, military deferment, forbearance, loans discharged upon death or disability
  • Fees: Late fee
  • Discounts: Autopay, loyalty
  • Eligibility: Must be a U.S. citizen or permanent resident and have at least $10,000 in student loans
  • Customer service: Email, phone, chat
  • Soft credit check: Yes
  • Cosigner release: After 24 to 36 months
  • Loan servicer: Firstmark Services
  • Max. Undergraduate Loan Balance: $100,000 to $149,000
  • Max. Graduate Loan Balance: Less than $150,000
  • Offers Parent PLUS Refinancing: Yes

College Ave: Best for variety of loan terms

Perks: 16 different loan term options ranging from five to 20 years, autopay discount, can refinance up to $300,000 (depending on degree type)

4.4
Credible rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
Rates and terms
Fees and Discounts
Customer Experience
College Ave Student Loan Refinancing
Fixed APR
Lowest fixed rate available from this lender
5.99%+2
Variable APR
Lowest variable rate available from this lender
5.99%+2
Min. credit score
Minimum credit score needed to qualify
Does not disclose
Loan amount
Range needed to refinance with this lender
$5,000 to $300,000

Does refinancing make sense for you?
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  • Fixed APR: 5.99%+2
  • Variable APR: 5.99%+2
  • Min. credit score: Does not disclose
  • Loan amount: $5,000 to $300,000
  • Loan terms (years): 5, 7, 10, 12, 15
  • Repayment options: Military deferment, forbearance, loans discharged upon death or disability
  • Fees: Late fee
  • Discounts: Autopay
  • Eligibility: All states except for ME
  • Customer service: Email, phone, chat
  • Soft credit check: Yes
  • Cosigner release: After 24 to 36 months
  • Loan servicer: College Ave Servicing LLC
  • Max. Undergraduate Loan Balance: $100,000 to $149,000
  • Max. Graduate Loan Balance: Less than $300,000
  • Offers Parent PLUS Refinancing: Yes

EDvestinU: Best for borrowers who didn’t graduate

Perks: Autopay discounts, no fees, both private and federal loans accepted, cosigner release (after 36 months of consecutive on-time payments), can refinance Parent PLUS Loans into your child’s name

edvestinu student loan refinance
3.8
Credible rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
Rates and terms
Fees and Discounts
Customer Experience
EDvestinU Student Loan Refinancing
Fixed APR
Lowest fixed rate available from this lender
7.16%+5
Variable APR
Lowest variable rate available from this lender
7.71%+5
Min. credit score
Minimum credit score needed to qualify
700
Loan amount
Range needed to refinance with this lender
$7,500 to $200,000

Does refinancing make sense for you?
Compare offers from top refinancing lenders to determine your actual savings.

Check Personalized Rates
Does refinancing make sense for you? Compare offers from top refinancing lenders to determine your actual savings.
View Details
  • Fixed APR: 7.16%+5
  • Variable APR: 7.71%+5
  • Min. credit score: 700
  • Loan amount: $7,500 to $200,000
  • Loan terms (years): 5, 10, 15, 20
  • Repayment options: Immediate repayment, academic deferment, forbearance, loans discharged upon death or disability
  • Fees: None
  • Discounts: Autopay
  • Eligibility: Must be a U.S. citizen or permanent resident and submit two personal references
  • Customer service: Email, phone
  • Soft credit check: Yes
  • Cosigner release: After 36 months
  • Loan servicer: Granite State Management & Resources (GSM&R)
  • Max. Undergraduate Loan Balance: $150,000 to $249,000
  • Max. Graduate Loan Balance: $150,000 to $199,000
  • Offers Parent PLUS Refinancing : Yes

ELFI: Best for borrowers with large loan balances

Perks: Up to 12 months of financial hardship forbearance available, no maximum loan amount restriction, can refinance Parent PLUS Loans into your child’s name

4.4
Credible rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
Rates and terms
Fees and Discounts
Customer Experience
Education Loan Finance Student Loan Refinancing
Fixed APR
Lowest fixed rate available from this lender
5.08%+3
Variable APR
Lowest variable rate available from this lender
5.03%+3
Min. credit score
Minimum credit score needed to qualify
680
Loan amount
Range needed to refinance with this lender
$10,000 to $250,000

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  • Fixed APR: 5.08%+3
  • Variable APR: 5.03%+3
  • Min. credit score: 680
  • Loan amount: $10,000 to $250,000
  • Loan terms (years): 5, 7, 10, 15, 20
  • Repayment options: Forbearance
  • Fees: None
  • Discounts: None
  • Eligibility: Must be a U.S. citizen or permanent resident, have at least $15,000 in student loan debt, and have a bachelor’s degree or higher from an approved school
  • Customer service: Email, phone
  • Soft credit check: Yes
  • Cosigner release: No
  • Loan servicer: Mohela
  • Max. Undergraduate Loan Balance: $250,000
  • Max. Graduate Loan Balance: $250,000
  • Offers Parent PLUS Refinancing: Yes

INvestEd: Best for borrowers who might need forbearance options

Perks: Autopay discount, up to 24 months of forbearance available during the life of the loan (one to three months duration per forbearance), graduation not required

3.1
Credible rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
Rates and terms
Fees and Discounts
Customer Experience
INvestEd Student Loan Refinancing
Fixed APR
Lowest fixed rate available from this lender
5.61%+4
Variable APR
Lowest variable rate available from this lender
7.6%+4
Min. credit score
Minimum credit score needed to qualify
670
Loan amount
Range needed to refinance with this lender
$5,000 to $250,000

Does refinancing make sense for you?
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  • Fixed APR: 5.61%+4
  • Variable APR: 7.6%+4
  • Min. credit score: 670
  • Loan amount: $5,000 to $250,000
  • Loan terms (years): 5, 10, 15, 20
  • Repayment options: Academic deferment, military deferment, forbearance
  • Fees: Late fee, returned payment fee
  • Discounts: Autopay
  • Eligibility: Must be U.S. citizen or permanent resident
  • Customer service: Email, phone, chat
  • Soft credit check: Yes
  • Cosigner release: Yes
  • Max undergraduate loan balance: $250,000
  • Max graduate loan balance: $250,000
  • Offers Parent PLUS refinancing: Yes

ISL Education Lending: Best for borrowers who want to refinance while in school

Perks: Autopay discount, can refinance while still in school, graduated repayment plans available

4.2
Credible rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
Rates and terms
Fees and Discounts
Customer Experience
ISL Education Lending Student Loan Refinancing
Fixed APR
Lowest fixed rate available from this lender
6.94%+ 7
Min. credit score
Minimum credit score needed to qualify
670
Loan amount
Range needed to refinance with this lender
Up to $300,000

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  • Fixed APR: 6.94%+ 7
  • Variable APR: N/A
  • Min. credit score: 670
  • Loan amount: Up to $300,000
  • Loan terms (years): 5, 7, 10, 15, 20
  • Time to fund: Usually one business day
  • Repayment options: Academic deferral, military deferral, forbearance, death/disability discharge
  • Fees: None
  • Discounts: Autopay
  • Eligibility: Available in all 50 states
  • Customer service: Email, phone
  • Soft credit check: Yes
  • Cosigner release: After 24 months
  • Max. undergraduate loan balance: $300,000
  • Max. graduate balance: $300,000
  • Offers Parent PLUS loans: Yes
  • Min. income: None

MEFA: Best for borrowers who attended a public or nonprofit university

Perks: Graduation not required, modified payment plans available, no maximum loan amount restriction

4.0
Credible rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
Rates and terms
Fees and Discounts
Customer Experience
MEFA Student Loan Refinancing
Fixed APR
Lowest fixed rate available from this lender
5.5%+
Variable APR
Lowest variable rate available from this lender
N/A
Min. credit score
Minimum credit score needed to qualify
670
Loan amount
Range needed to refinance with this lender
$10,000 up to the total amount

Does refinancing make sense for you?
Compare offers from top refinancing lenders to determine your actual savings.

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View Details
  • Fixed APR: 5.5%+
  • Variable APR: N/A
  • Min. credit score: 670
  • Loan amount: $10,000 up to the total amount
  • Loan terms (years): 7, 10, 15
  • Repayment options: Military deferment, loans discharged upon death or disability
  • Fees: None
  • Discounts: None
  • Eligibility: Must be a U.S. citizen or permanent resident and have at least $10,000 in student loans
  • Customer service: Email, phone
  • Soft credit check: Yes
  • Cosigner release: No
  • Loan servicer: AES
  • Max. Undergraduate Loan Balance: No maximum
  • Max. Gradaute Loan Balance: No maximum
  • Offers Parent PLUS Refinancing: Yes

RISLA: Best for borrowers planning to go back to school

Perks: Autopay discount, can defer payments for up to three years if you return to school, income-based repayment options available for borrowers with financial hardship

3.7
Credible rating
Credible lender ratings are evaluated by our editorial team with the help of our loan operations team. The rating criteria for lenders encompass 78 data points spanning interest rates, loan terms, eligibility requirement transparency, repayment options, fees, discounts, customer service, cosigner options, and more. Read our full methodology.
Rates and terms
Fees and Discounts
Customer Experience
RISLA Student Loan Refinancing
Fixed APR
Lowest fixed rate available from this lender
5.79%+
Variable APR
Lowest variable rate available from this lender
N/A
Min. credit score
Minimum credit score needed to qualify
680
Loan amount
Range needed to refinance with this lender
$7,500 to $250,000

Does refinancing make sense for you?
Compare offers from top refinancing lenders to determine your actual savings.

Check Personalized Rates
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View Details
  • Fixed APR: 5.79%+
  • Variable APR: N/A
  • Min. credit score: 680
  • Loan amount: $7,500 to $250,000
  • Loan terms (years): 5, 10, 15
  • Repayment options: Academic deferment, military deferment, forbearance, loans discharged upon death or disability
  • Fees: None
  • Discounts: Autopay
  • Eligibility: Available in all 50 states; must also have at least $7,500 in student loans and a minimum income of $40,000
  • Customer service: Email, phone
  • Soft credit check: Does not disclose
  • Cosigner release: No
  • Loan servicer: Rhode Island Student Loan Authority
  • Max. Undergraduate Loan Balance: $150,000 - $249,000
  • Max. Graduate Loan Balance: $200,000 - $249,000
  • Offers Parent PLUS Refinancing: Yes

Learn More: Best Student Loan Refinance Companies

Banks

There are several traditional banks that offer student loan refinancing. If you already have an account with a bank, it could be worth seeing if they also offer refinancing, since you might qualify for a loyalty discount.

Here are a few of your options:

  • Discover offers student loan refinancing with no fees. With Discover, you can refinance $5,000 up to your total education debt. You also have the option to refinance while you’re still in school.
  • Laurel Road student loan refinancing comes with terms ranging from five to 20 years. Borrowers who have undergraduate or graduate degrees as well as those who have an associate degree in certain healthcare fields can refinance with Laurel Road.
  • PNC Bank offers both fixed and variable rates for refinancing. Plus, you could get an 0.50% autopay discount if you sign up for automatic payments, which is higher than what most other lenders provide.

Check Out:

  • Private Student Loan Consolidation
  • Everything you need to know about PNC student loans

Credit unions

Because credit unions are nonprofit organizations, they sometimes offer better rates and terms on refinancing compared to banks.

Keep in mind: You’ll have to join the credit union to be eligible for refinancing. You might have to live in a certain area, work in a specific field, or join an associated charity to be eligible for membership.

Here are a couple of options to consider:

  • First Tech Federal Credit Union offers a few refinancing options, including fixed-rate loans, balloon loans, and interest-only loans. Refinancing with First Tech also comes with access to discounts and rewards on other First Tech products, such as auto loans and checking accounts.
  • Navy Federal Credit Union refinancing is available to both graduates and parents who paid for their child’s education. It also offers cosigner release after just 12 months of consecutive on-time payments.
Tip: If you refinance your student loans, you might be able to lower your interest rate, depending on your credit. This could save you money on interest — and might help you pay off your student loans faster. Plus, you can refinance your loans again if you can qualify for better rates in the future.

Also keep in mind that while you can refinance both federal and private student loans, refinancing federal loans will cost you federal benefits and protections. These include access to income-driven repayment and student loan forgiveness programs.

Use our calculator below to see how much you can save by refinancing your student loans.

Step 1. Enter your loan balance

? Enter the remaining amount of the loans you’d like to refinance $

Step 2. Enter current loan information

? Enter the average annual interest rate of the loans you’d like to refinance %
? Enter the monthly amount you currently pay on your loans (or enter remaining term) $
? Enter the amount of time left to repay your loan (or enter monthly payment) years

Step 3. Enter your new loan information to start calculating your savings

? Enter an estimated new interest rate. %
? Enter the monthly amount to pay on your new loan (or enter new loan term) $
? Enter the amount of time you have to repay your loan (or enter monthly payment) years
Lifetime Savings Increased Lifetime Cost $
New Monthly Payment $
Monthly Savings Increased Monthly Cost $

If you refinance your student loan at % interest rate, you can save will pay an additional $ monthly and pay off your loan by . The total cost of the new loan will be $.


Does refinancing make sense for you?
Compare offers from top refinancing lenders to determine your actual savings.

Check Personalized Rates

Checking rates won’t affect your credit score.

Learn More:

  • 7 Best Student Refinance Companies for Bad Credit
  • Pros and Cons of Consolidating Student Loans

How to refinance a loan

Here’s how to refinance student loans in just four steps:

  1. Check your credit. When you apply for refinancing, lenders will review your credit to determine your creditworthiness — which means it’s a good idea to make sure your credit is in as good of shape as possible. You can use a site like AnnualCreditReport.com to check your credit reports. If you find any errors, dispute them with the appropriate credit bureaus to potentially boost your credit score.
  2. Compare lenders and pick a loan option. Every lender offers its own rates and terms — so be sure to compare as many lenders as possible to find the right loan for you. Consider not only interest rates but also repayment terms, any fees charged by the lender, and eligibility requirements. After this, choose the loan that you like best.
  3. Fill out the application. Once you’ve picked a lender, you’ll need to complete a full application and submit any required documentation, such as pay stubs or tax returns. If you’re approved, the lender will have you sign for the loan.
  4. Manage your payments. Be sure to keep up with payments on your old student loan while your new loan is processed. Once the refinance is complete, consider signing up for autopay so you won’t miss any future payments — many lenders offer a rate discount for automatic payments
Tip: You’ll typically need good to excellent credit to qualify for refinancing. While there are some lenders that provide student loan refinancing for bad credit, these options generally come with higher interest rates compared to those offered to borrowers with good credit.

If you’re struggling to get approved for refinancing on your own, another option is to apply with a cosigner. Even if you don’t need a cosigner to qualify, having one might get you a lower interest rate than you’d get on your own.

Check Out: Student Loan Repayment Calculator: Estimate Your Payoff Date

When to refinance a student loan

While refinancing might seem like a good idea, it isn’t always right for everyone. If you’re trying to decide when to refinance your student loans, here are a few situations where it could be a good choice:

  • You want to combine your loans. Keeping up with multiple student loan payments can be difficult. Through refinancing, you can combine your loans so you’ll have only one payment to manage.
  • You want to lower your interest rate. If your student loan interest rates are too high, it could make repayment difficult. But if you have good credit, you might be able to lower your interest rate through refinancing. This could save you money over the life of your loan and might even help you pay off your student loans early.
  • You want to lower your monthly payment. With refinancing, you can opt for a longer repayment term, which could lower your monthly student loan payment and lessen the strain on your budget. Just keep in mind that choosing a longer term means you’ll pay more in interest over time.
Keep in mind: You can refinance both federal and private student loans. However, if you refinance federal student loans, you’ll lose access to federal benefits and protections.

For example, you’ll no longer have access to federal student loan forgiveness programs — and unfortunately, private student loan forgiveness doesn’t exist.

If you decide to refinance your student loans, remember to consider as many lenders as you can to find a loan that suits your needs. Credible makes this easy — you can compare your prequalified rates from multiple lenders in two minutes.

Find out if refinancing is right for you

  • Compare actual rates, not ballpark estimates – Unlock rates from multiple lenders in about 2 minutes
  • Won’t impact credit score – Checking rates on Credible won’t impact your credit score
  • Data privacy – We don’t sell your information, so you won’t get calls or emails from multiple lenders

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Keep Reading:

  • 13 Best Loans for Refinancing Student Loans Without a Cosigner
  • How to Spot 6 Student Loan Forgiveness Scam Warning Signs
About the author
Dori Zinn
Dori Zinn

Dori Zinn is a student loan authority and a contributor to Credible. Her work has appeared in Huffington Post, Bankate, Inc, Quartz, and more.

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Home » All » Student Loan Refinancing » 10 Student Loan Refinance Alternatives to TD Bank

Student Loan Refinancing Basics


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