If you’re looking for private student loans or wondering whether you should refinance your current student loans, iHelp could be the right lender for you. The big appeal of iHelp as a lender is that it partners with community banks to help support local families and jobs.
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iHelp student loan refinancing overview
If you would like to refinance your student loans to get a lower interest rate or more manageable payment, you should consider refinancing.
Though iHelp calls their student loan refinancing a “consolidation loan,” it’s important to note that it’s actually refinancing. It’s very different from the federal student loan consolidation process.
Here are a few perks of refinancing your student loans with iHelp:
Loan amounts | $10,000-$150,000 (undergraduate degree) and $10,000-$250,000 (graduate degree) |
Loan terms | 10, 15, and 20 years |
Loan qualifications | Refinance federal, private, and ParentPLUS loans |
Discounts | 0.25% rate discount for payments made with automatic debit |
Income | Must be employed for at least two years with a minimum income of $24,000 |
Fees | No fees |
Education | Does not need to have graduated from a post-secondary school. In addition, the borrower does not need to have graduated or attended a school on the eligible school list |
Citizenship/Residency | U.S. citizen or permanent resident |
Cosigner release | Cosigners may be eligible for release at any time after 24 months of consecutive on-time payments have been made, provided the borrower can meet the credit requirement at that time |
Other perks | - Request up to two years of interest only payments as well as a graduated repayment schedule - Forbearance available for qualified borrowers |
Loan servicer | Student Loan Finance Corporation |
How to refinance with iHelp
iHelp can be a great match for certain borrowers, especially if you’re wanting to support your local community. 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 comparing multiple lenders.
Credible makes refinancing easy
iHelp isn’t one of our partner lenders. But you can use Credible to compare rates in 2 minutes from other lenders who offer student loan refinancing.
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Checking rates won’t affect your credit score
iHelp private student loans overview
In addition to offering student loan refinancing, iHelp can also help borrowers who are currently enrolled in school and looking for a private student loan to help fund their education.
Here are a few perks of choosing a private student loan from iHelp:
Loan amounts | Minimum loan amount of $1,000 ($3,000 for Georgia residents) Maximum of $100,000 for undergraduates and $150,000 for graduates |
Loan terms | 20 years |
Fees | 0.30% interest rate reduction for some borrowers |
Discounts | 0.25% rate discount for payments made with automatic debit |
Citizenship/Residency: | Borrower or cosigner must be US citizen or permanent resident |
Enrollment | Must be enrolled at least half time in an iHELP eligible school |
Income | Borrower or cosigner must have at least 2 years of positive credit history and annual income of $24,000 or more |
Repayment | Full deferment, interest only payments and principal and interest payments |
Cosigner info | Cosigner release available after 24 months of on-time payments |
Loan servicer | Student Loan Finance Corporation |
How to get private student loans with iHelp
Before taking out a private student loan with iHelp or any other lender, make sure you exhaust all of your federal student loan options. If you’re still struggling to pay for college, compare student loans from multiple lenders to ensure you’re getting the best rates and terms for you.
Compare student loans from top lenders
iHelp isn’t one of our partner lenders. But you can use Credible to compare rates in 2 minutes from other lenders who offer private student loans.
Compare Rates Now
Checking rates won’t affect your credit score