12 Student Loan Refinance Alternatives to TD Bank

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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:

Lender	Fixed rates from (APR)	Variable rates from (APR)	Loan terms (years)	Loan amounts
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	4.54%+	N/A	10, 15, 20	$7,500 up to up to $200,000 (larger balances require special approval)
Fixed APR: 4.54%+ Variable APR: N/A Min. credit score: Does not disclose Loan amount: $7,500 up to $500,000 Loan terms (years): 10, 15, 20 Max. undergraduate loan balance: $250,000 - $500,000 Time to fund: 4 months Repayment options: Immediate repayment, forbearance, loans discharged upon death or disability Fees: None Discounts: Autopay Eligibility: Must be a resident of Kentucky Customer service: Phone Soft credit check: No Cosigner release: After 36 months Loan servicer: Kentucky Higher Education Student Loan Corporation Max. graduate loan balance: $250,000 - $500,000 Credible Review: Advantage Education Loan review 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	2.85%+	1.88%+	5, 7, 10, 15, 20	$10,000 up to $250,000 (depending on degree)
Fixed APR: 2.85%+ Variable APR: N/A Min. credit score: Does not disclose 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: Does not disclose 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	2.39%+<sup1	2.24%+¹	5, 7, 10, 15, 20	$10,000 to $500,000 (depending on degree and loan type)
Fixed APR: 2.39%+<sup1 Variable APR: 2.24%+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. View details	2.99%+²	2.94%+²	5, 7, 10, 12, 15, 20	$5,000 to $300,000 (depending on degree type)
Fixed APR: 2.99%+² Variable APR: 2.94%+² Min. credit score: Does not disclose Loan amount: $5,000 to $300,000 Loan terms (years): 5, 7, 10, 12, 15, 20 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
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	2.16%+	2.11%+	5, 7, 10, 15, 20	$5,000 to $500,000
Fixed rate: 2.39%+<sup1 Variable rate: 2.24%+¹ Min. credit score: 680 Loan amount: $5,000 to $500,000 Cosigner release: Yes Loan terms (years): 5, 7, 10, 15, 20 Repayment options: Academic deferment, forbearance, loans discharged upon death or disability Fees: Late fee Discounts: Autopay Eligibility: Available in all states, except MS and NV Customer service: Email, phone, chat Soft credit check: Yes Loan servicer: FirstMark Max. undergraduate loan balance: $500,000 Max. graduate loan balance: $500,000 Offers Parent PLUS refinancing: Yes Min. income: $65,000 (for 15- and 20-year products)
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	2.58%+³	2.39%+	5, 7, 10, 12, 15, 20	Minimum of $15,000
Fixed APR: 2.58%+³ Variable APR: 2.39%+ Min. credit score: 680 Loan amount: No maximum Loan terms (years): 5, 7, 10, 12, 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: No maximum Max. Graduate 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	3.47%+⁴	2.46%+	5, 10, 15, 20	$5,000 - $250,000
Fixed APR: 3.47%+⁴ Variable APR: 2.46%+ 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 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	2.74%+⁵	N/A	5, 7, 10, 12, 15, 20	Up to $300,000
Fixed APR: 2.80%+ 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	3.05%+	3.05%+	7, 10, 15	$10,000 up to the total amount of qualified education debt
Fixed APR: 3.05%+ Variable APR: 3.05%+ 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	2.89%+	2.13%+	5, 8, 12, 15	$7,500 to $300,000
Fixed APR: 2.89%+ Variable APR: 2.13%+ Min. credit score: 670 Loan amount: $7,500 to $300,000 Loan terms (years): 5, 8, 12, 15 Repayment options: Does not disclose Fees: None Discounts: None Eligibility: Must be a U.S. citizen and have and at least $7,500 in student loans Customer service: Email, phone, chat Soft credit check: Yes Cosigner release: After 12 months Loan servicer: PenFed Max. Undergraduate Loan Balance: $300,000 Max. Graduate Loan Balance: $300,000 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	3.29%+	N/A	5, 10, 15	$7,500 up to $250,000 (depending on highest degree earned)
Fixed APR: 3.29%+ 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
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	2.74%+⁶	2.25%⁶	5, 7, 10, 15, 20	$5,000 up to the full balance of your qualified education loans
Fixed APR: 2.74%+⁶ Variable APR: 2.25%⁶ Min. credit score: Does not disclose Loan amount: $5,000 up to the full balance Loan terms (years): 5, 7, 10, 15, 20 Repayment options: Academic deferment, military deferment Fees: None Discounts: Autopay, loyalty Eligibility: Available in all 50 states Customer service: Email, phone, chat Soft credit check: Yes Cosigner release: No Max undergraduate loan balance: No maximum Max graduate loan balance: No maximum Offers Parent PLUS refinancing: Yes
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All APRs reflect autopay and loyalty discounts where available \| ¹Citizens Disclosures \| ²College Ave Disclosures \| ³ ELFI Disclosures \| ⁴INvestEd Disclosures \| ⁵ISL Education Lending Disclosures \| ⁶SoFi Disclosures

Advantage: Best for parents who want to refinance Parent PLUS Loans into their child’s name

Perks: Autopay discount, Parent PLUS Loan refinancing, cosigner release (after 36 months of consecutive on-time payments)

3.0

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

Advantage Education Loan Student Loan Refinancing

Fixed APR

Lowest fixed rate available from this lender

4.54%+

Variable APR

Lowest variable rate available from this lender

N/A

Min. credit score

Minimum credit score needed to qualify

Does not disclose

Loan amount

Range needed to refinance with this lender

$7,500 up to $500,000

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Fixed APR: 4.54%+
Variable APR: N/A
Min. credit score: Does not disclose
Loan amount: $7,500 up to $500,000
Loan terms (years): 10, 15, 20
Max. undergraduate loan balance: $250,000 - $500,000
Time to fund: 4 months
Repayment options: Immediate repayment, forbearance, loans discharged upon death or disability
Fees: None

Discounts: Autopay
Eligibility: Must be a resident of Kentucky
Customer service: Phone
Soft credit check: No
Cosigner release: After 36 months
Loan servicer: Kentucky Higher Education Student Loan Corporation
Max. graduate loan balance: $250,000 - $500,000
Credible Review: Advantage Education Loan review
Offers Parent PLUS Refinancing : Yes

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)

4.4

Credible rating

Rates and terms

Fees and Discounts

Customer Experience

Brazos Student Loan Refinancing

Fixed APR

Lowest fixed rate available from this lender

2.85%+

Variable APR

Lowest variable rate available from this lender

N/A

Min. credit score

Minimum credit score needed to qualify

Does not disclose

Loan amount

Range needed to refinance with this lender

$10,000 to $400,000

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Fixed APR: 2.85%+
Variable APR: N/A
Min. credit score: Does not disclose
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: Does not disclose
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)

4.7

Credible rating

Rates and terms

Fees and Discounts

Customer Experience

Citizens Student Loan Refinancing

Fixed APR

Lowest fixed rate available from this lender

2.39%+<sup1

Variable APR

Lowest variable rate available from this lender

2.24%+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: 2.39%+<sup1
Variable APR: 2.24%+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

Rates and terms

Fees and Discounts

Customer Experience

College Ave Student Loan Refinancing

Fixed APR

Lowest fixed rate available from this lender

2.99%+²

Variable APR

Lowest variable rate available from this lender

2.94%+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

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Fixed APR: 2.99%+²
Variable APR: 2.94%+²
Min. credit score: Does not disclose
Loan amount: $5,000 to $300,000
Loan terms (years): 5, 7, 10, 12, 15, 20
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

CommonBond: Best for borrowers who want to pay off their loan early

Perks: Hybrid loan option starts with fixed rate for first half of the loan then switches to variable rate, up to 24 months of forbearance available, can refinance Parent PLUS Loans into your child’s name

4.5

Credible rating

Rates and terms

Fees and Discounts

Customer Experience

CommonBond Student Loan Refinancing

Fixed rate

Lowest fixed rate available from this lender

2.39%+<sup1

Min. credit score

Minimum credit score needed to qualify

680

Loan amount

Range needed to refinance with this lender

$5,000 to $500,000

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Fixed rate: 2.39%+<sup1
Variable rate: 2.24%+¹
Min. credit score: 680
Loan amount: $5,000 to $500,000
Cosigner release: Yes
Loan terms (years): 5, 7, 10, 15, 20
Repayment options: Academic deferment, forbearance, loans discharged upon death or disability
Fees: Late fee

Discounts: Autopay
Eligibility: Available in all states, except MS and NV
Customer service: Email, phone, chat
Soft credit check: Yes
Loan servicer: FirstMark
Max. undergraduate loan balance: $500,000
Max. graduate loan balance: $500,000
Offers Parent PLUS refinancing: Yes
Min. income: $65,000 (for 15- and 20-year products)

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

Rates and terms

Fees and Discounts

Customer Experience

Education Loan Finance Student Loan Refinancing

Fixed APR

Lowest fixed rate available from this lender

2.58%+³

Variable APR

Lowest variable rate available from this lender

2.39%+<sup3

Min. credit score

Minimum credit score needed to qualify

680

Loan amount

Range needed to refinance with this lender

No maximum

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Fixed APR: 2.58%+³
Variable APR: 2.39%+
Min. credit score: 680
Loan amount: No maximum
Loan terms (years): 5, 7, 10, 12, 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: No maximum
Max. Graduate Loan Balance: No maximum
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

3.9

Credible rating

Rates and terms

Fees and Discounts

Customer Experience

INvestEd Student Loan Refinancing

Fixed APR

Lowest fixed rate available from this lender

3.47%+⁴

Variable APR

Lowest variable rate available from this lender

2.46%+

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: 3.47%+⁴
Variable APR: 2.46%+
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

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

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

Rates and terms

Fees and Discounts

Customer Experience

MEFA Student Loan Refinancing

Fixed APR

Lowest fixed rate available from this lender

3.05%+

Variable APR

Lowest variable rate available from this lender

3.05%+

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

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Fixed APR: 3.05%+
Variable APR: 3.05%+
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

PenFed: Best for spouses who want to combine loans

Perks: Can refinance up to $300,000, can transfer parent loans to a child, cosigner release (after 12 months of consecutive on-time payments)

4.5

Credible rating

Rates and terms

Fees and Discounts

Customer Experience

PenFed Student Loan Refinancing

Fixed APR

Lowest fixed rate available from this lender

2.89%+

Variable APR

Lowest variable rate available from this lender

2.13%+

Min. credit score

Minimum credit score needed to qualify

670

Loan amount

Range needed to refinance with this lender

$7,500 to $300,000

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Fixed APR: 2.89%+
Variable APR: 2.13%+
Min. credit score: 670
Loan amount: $7,500 to $300,000
Loan terms (years): 5, 8, 12, 15
Repayment options: Does not disclose
Fees: None
Discounts: None

Eligibility: Must be a U.S. citizen and have and at least $7,500 in student loans
Customer service: Email, phone, chat
Soft credit check: Yes
Cosigner release: After 12 months
Loan servicer: PenFed
Max. Undergraduate Loan Balance: $300,000
Max. Graduate Loan Balance: $300,000
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

Rates and terms

Fees and Discounts

Customer Experience

RISLA Student Loan Refinancing

Fixed APR

Lowest fixed rate available from this lender

3.29%+

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

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Fixed APR: 3.29%+
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

SoFi: Best for borrowers with graduate or professional degrees

Perks: Autopay and loyalty discounts, no fees, unemployment protection plus career and investing advice available

4.5

Credible rating

Rates and terms

Fees and Discounts

Customer Experience

SoFi Student Loan Refinancing

Fixed APR

Lowest fixed rate available from this lender

2.74%+⁶

Variable APR

Lowest variable rate available from this lender

2.25%⁶

Min. credit score

Minimum credit score needed to qualify

Does not disclose

Loan amount

Range needed to refinance with this lender

$5,000 up to the full balance

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Fixed APR: 2.74%+⁶
Variable APR: 2.25%⁶
Min. credit score: Does not disclose
Loan amount: $5,000 up to the full balance
Loan terms (years): 5, 7, 10, 15, 20
Repayment options: Academic deferment, military deferment
Fees: None

Discounts: Autopay, loyalty
Eligibility: Available in all 50 states
Customer service: Email, phone, chat
Soft credit check: Yes
Cosigner release: No
Max undergraduate loan balance: No maximum
Max graduate loan balance: No maximum
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.

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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

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

Step 2. Enter current loan information

Interest rate ? Enter the average annual interest rate of the loans you’d like to refinance %

Monthly payment ? Enter the monthly amount you currently pay on your loans (or enter remaining term) $

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

Interest rate ? Enter an estimated new interest rate. %

Monthly payment ? Enter the monthly amount to pay on your new loan (or enter new loan term) $

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: Pros and Cons of Consolidating Student Loans

How to refinance a loan

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

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.
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.
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.
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

See Your Refinancing Options
Credible is 100% free!

Keep Reading: How to Spot 6 Student Loan Forgiveness Scam Warning Signs

About the author

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.

Home » All » Student Loan Refinancing » 12 Student Loan Refinance Alternatives to TD Bank

12 Student Loan Refinance Alternatives to TD Bank

Alternatives to TD Bank refinancing

Online lenders

Advantage: Best for parents who want to refinance Parent PLUS Loans into their child’s name

Brazos: Best for Texas residents

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

College Ave: Best for variety of loan terms

CommonBond: Best for borrowers who want to pay off their loan early

ELFI: Best for borrowers with large loan balances

INvestEd: Best for borrowers who might need forbearance options

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

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

PenFed: Best for spouses who want to combine loans

RISLA: Best for borrowers planning to go back to school

SoFi: Best for borrowers with graduate or professional degrees

Banks

Credit unions

How to refinance a loan

When to refinance a student loan

Student Loan Refinancing Basics

11 Best Lenders to Refinance Student Loans for Low Income Earners

4 Banks for Student Loan Refinancing

4 Credit Unions for Student Loan Refinancing