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MEFA Student Loan Refinancing Profile

TYPES OF INTEREST RATES

Fixed and Variable

As low as 4.37%*

10 and 15 years

RATES

LOAN TERMS

MEFA’s Education Refinancing Loan program is designed to help young professionals and families lower their monthly payments, simplify the monthly bill paying process, and lower the associated interest rate on outstanding education loan debt. Read full MEFA student loan refinancing review

Loan Qualifications: Refinance federal, private, and ParentPLUS loans

Low Minimum Income: Borrower must have an annual income of at least $24,000

Broad School Eligibility: Eligible programs include associate through graduate degrees from not-for-profit institutions

High Balance Borrowers: Consolidate and refinance from $10,000 up to any balance, regardless of degree type

No Degree Required: Out of school borrowers and borrowers without degrees are eligible

Eligibility

Fixed Term

Term (Years)

Rate (APR)

*APRs include autopay and loyalty discounts where available

Rates Valid as of August 1, 2018

Products

10

4.45 - 6.50%

15

4.70 - 6.95%

Variable Term

Rate (APR)

Term (Years)

10

4.37 - 6.97%

15

4.97 - 7.47%

  • No application, origination or disbursement fees
  • No maximum loan balance

Key Benefits

LOAN SERVICER

LOAN NAME

American Education Services

MEFA Refinance Loan

Additional Information

If you’re feeling overwhelmed with student loan debt, refinancing your student loans could be the solution you've been searching for.

Learn about that factors that influence the rate you qualify for when you refinance so you can maximize your offer.

Learn what your deferment and forbearance is and what happens to these benefits if you choose to consolidate or refinance.

Considering refinancing your student loans? Learn the pros and cons of fixed and variable rate loans.

Learn More About Student Loans

The average graduate who refinances with Credible saves $18,668