PenFed Student Loan Refinancing Profile

TYPES OF INTEREST RATES

Fixed and Variable

As low as 2.96%*

5, 8, 12 and 15 years

RATES

LOAN TERMS

PenFed is a nationwide credit union with 1.5 million members. As a nonprofit it can offer really low interest rates. PenFed has flexible terms (8 and 12 year student loan refinancing) and unique programs (such as spouse loans) allowing individuals and couples to consolidate their federal and private student loans into a single loan.

Citizenship: Be a US citizen

Loan Size: Aggregate student loan balances between $7,500 and $300,000 are eligible for refinancing

School: Any Title IV school is eligible to refinance with PenFed

Eligibility

Degree: Undergraduate and graduate student loans are eligible

Fixed Term

Variable Term

Term (Years)

Term (Years)

Rate (APR)

Rate (APR)

Rates Valid as of December 01, 2018

Products

5

3.75 - 6.49%

8

4.37 - 6.08%

8

4.26 - 6.54%

5

2.96 - 5.93%

12

4.69 - 6.59%

15

4.89 - 7.70%

15

4.91 - 7.03%

12

4.62 - 6.43%

  • Cosigner Release
  • Flexible Spouse Loan (allowing one spouse with $0 income)
  • Parent Loan Programs
  • Transfer of loans to spouse or parent, or from parent to child

Key Benefits

LOAN SERVICER

LOAN NAME

Pentagon Federal Credit Union (PenFed)

PenFed powered by Purefy

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