If you’re looking to combine all your student loans into one, save on interest, and get out of debt faster, Advantage Education Loans could help with student loan refinancing. Here’s everything you need to know about borrowing from Advantage.
Advantage student loan refinancing review
Advantage offers refinancing to student borrowers and to parents who live in Kentucky. The refinanced loans are funded and serviced by a nonprofit agency.
If you’re considering refinancing your student loans with Advantage, here’s what you need to know:
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| Loan amounts | From $7,500+ |
| Loan terms | 10, 15, or 20 years |
| Loan qualifications | Refinance federal and private loans including parent loans |
| Discounts | Enroll in Auto-debit and receive a 0.25% discount |
| Fees | No fees or prepayment penalties |
| Income | Minimum income of $24,000 |
| Education | Eligible programs include any title IV degree-granting college and university |
| Citizenship/Residency | Be a U.S. citizen or non-citizen with proof of residency Borrower must be a resident of Kentucky |
| Cosigner release | Available after 36 months of on‐time regularly scheduled payments |
| Loan servicer | KHESLC |
How to refinance with Advantage
Each refinancing lender determines the rate they’ll offer you on a case-by-case basis — so it’s impossible to know your lowest possible rate without first comparing multiple refinancing lenders.
With Credible, it’s easy to compare rates from Advantage and other student loan refinancing lenders by just filling out one form requesting prequalified rates. You can check your prequalified rates without a hard credit inquiry, so it won’t affect your credit.
The company above is one of Credible’s approved partner lenders. Because they compete for your business through Credible, you can request rates from them by filling out a single form. Then, you can compare your available options side-by-side. Requesting rates is free, doesn’t affect your credit score, and your personal information is not shared with our partner lenders unless you see an option you like. Credible receives compensation if you close a loan with one of our partner lenders. The rates you receive and the fees you pay (if any) are not impacted by this compensation.