{"id":9114,"date":"2018-06-19T09:34:20","date_gmt":"2018-06-19T17:34:20","guid":{"rendered":"https:\/\/www.credible.com\/lenders\/?p=9114"},"modified":"2023-06-29T12:23:22","modified_gmt":"2023-06-29T20:23:22","slug":"penfed-student-loan-refinance","status":"publish","type":"post","link":"https:\/\/www.credible.com\/lenders\/penfed-student-loan-refinance\/","title":{"rendered":"PenFed Student Loan Refinancing Review"},"content":{"rendered":"<p><b>Best if:<\/b><\/p>\n<ul>\n<li>You want to take over parent PLUS loans<\/li>\n<li>You and your spouse want to refinance your loans together<\/li>\n<li>You need a cosigner to be approved<\/li>\n<\/ul>\n<p>Pentagon Federal Credit Union (PenFed) has made a name for itself in student loan refinancing by not only offering competitive rates, but providing some creative options not offered by every lender.<\/p>\n<p>PenFed is willing to let graduates refinance PLUS loans taken by their parents, for example, and <a href=\"https:\/\/www.credible.com\/blog\/refinance-student-loans\/consolidate-with-spouse\/\">spouses can combine their loans when refinancing<\/a>. And if you need a cosigner to qualify for student loan refinancing, PenFed will consider releasing them from their obligation after you\u2019ve made just 12 payments.<\/p>\n<p><strong>In this post:<\/strong><\/p>\n<ul>\n<li><a href=\"#details\">PenFed interest rates and loan details<\/a><\/li>\n<li><a href=\"#penfed-review\">PenFed student loan refinancing review<\/a><\/li>\n<li><a href=\"#compares\">How PenFed compares to other lenders<\/a><\/li>\n<li><a href=\"#penfed-student-loan-refinancing\">How to refinance student loans with PenFed<\/a><\/li>\n<\/ul>\n<p><a name=\"details\"><\/a><\/p>\n<h2>PenFed interest rates and loan details<\/h2>\n<p>PenFed offers fixed-rate options to borrowers refinancing up to $300,000 in private or federal student loan debt, with a choice of repayment terms ranging from five to 15 years.<\/p>\n\n<table id=\"tablepress-185\" class=\"tablepress tablepress-id-185 table table-border-top table-striped table-rounded table-no-img-margin tbody-has-connected-cells\">\n<tbody class=\"row-striping\">\n<tr class=\"row-1\">\n\t<td colspan=\"2\" class=\"column-1\"><center><br \/>\n            <div class=\"tablepress-lender__logo__container\">\n                <img fetchpriority=\"high\" decoding=\"async\" width=\"768\" height=\"296\" src=\"https:\/\/www.credible.com\/lenders\/wp-content\/uploads\/penfed-purefy-1200-1-768x296.png\" class=\"tablepress-lender__logo wp-post-image\" alt=\"\" srcset=\"https:\/\/www.credible.com\/lenders\/wp-content\/uploads\/penfed-purefy-1200-1-768x296.png 768w, https:\/\/www.credible.com\/lenders\/wp-content\/uploads\/penfed-purefy-1200-1-600x232.png 600w, https:\/\/www.credible.com\/lenders\/wp-content\/uploads\/penfed-purefy-1200-1-300x116.png 300w, https:\/\/www.credible.com\/lenders\/wp-content\/uploads\/penfed-purefy-1200-1-150x58.png 150w, https:\/\/www.credible.com\/lenders\/wp-content\/uploads\/penfed-purefy-1200-1.png 1200w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>            <\/div>\n        <\/center><br \/>\n<\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td class=\"column-1\"><strong>Credible rating<\/strong><\/td><td class=\"column-2\">        <div class=\"tablepress-rating-shortcode left\">\n                    <div class=\"star-rating__container\" style=\"display:flex;\">\n                <div role=\"img\" aria-label=\"4\">\n                                <img decoding=\"async\" class=\"star-light\" alt=\"A full star\" src=\"https:\/\/www.credible.com\/lenders\/wp-content\/themes\/credible\/assets\/images\/lender-rating\/star-light-full.svg\">\n                    <img decoding=\"async\" class=\"star-light\" alt=\"A full star\" src=\"https:\/\/www.credible.com\/lenders\/wp-content\/themes\/credible\/assets\/images\/lender-rating\/star-light-full.svg\">\n                    <img decoding=\"async\" class=\"star-light\" alt=\"A full star\" src=\"https:\/\/www.credible.com\/lenders\/wp-content\/themes\/credible\/assets\/images\/lender-rating\/star-light-full.svg\">\n                    <img decoding=\"async\" class=\"star-light\" alt=\"A full star\" src=\"https:\/\/www.credible.com\/lenders\/wp-content\/themes\/credible\/assets\/images\/lender-rating\/star-light-full.svg\">\n                            <img decoding=\"async\" class=\"star-light\" alt=\"A half star\" src=\"https:\/\/www.credible.com\/lenders\/wp-content\/themes\/credible\/assets\/images\/lender-rating\/star-light-half.svg\">\n                        <\/div>\n                <div>\n                    <span class=\"number-rating\">4.5<\/span>\n                <\/div>\n            <\/div>\n        <\/div>\n        <\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\"><strong>Rates from (APR)<\/strong><\/td><td class=\"column-2\"><strong>Fixed:<\/strong> Check with lender<br \/>\n<strong>Variable:<\/strong> N\/A<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\"><strong>Loan amounts<\/strong><\/td><td class=\"column-2\">$7,500 to $300,000<\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\"><strong>Loan terms<\/strong><\/td><td class=\"column-2\">5, 8, 12, or 15 years<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\"><strong>Loan types<\/strong><\/td><td class=\"column-2\">Any private or federal student loan<br \/>\n<small>(including parent PLUS loans)<\/small><\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\"><strong>Min. credit score<\/strong><\/td><td class=\"column-2\">670<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\"><strong>Min. income<\/strong><\/td><td class=\"column-2\">$42,000 to $50,000<br \/>\n<small>(depending on loan amount)<\/small><\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td class=\"column-1\"><strong>Residency<\/strong><\/td><td class=\"column-2\">Must be U.S. citizen<\/td>\n<\/tr>\n<tr class=\"row-10\">\n\t<td class=\"column-1\"><strong>Transfer parent loan to child?<\/strong><\/td><td class=\"column-2\">Yes; spouses may also refinance their loans together<\/td>\n<\/tr>\n<tr class=\"row-11\">\n\t<td class=\"column-1\"><strong>Cosigner release<\/strong><\/td><td class=\"column-2\">Applications accepted after 12 months of consecutive on-time payments<\/td>\n<\/tr>\n<tr class=\"row-12\">\n\t<td class=\"column-1\"><strong>Fees<\/strong><\/td><td class=\"column-2\">No application, origination, or disbursement fees<\/td>\n<\/tr>\n<tr class=\"row-13\">\n\t<td class=\"column-1\"><strong>Prepayment penalty<\/strong><\/td><td class=\"column-2\">None<\/td>\n<\/tr>\n<tr class=\"row-14\">\n\t<td class=\"column-1\"><strong>Education<\/strong><\/td><td class=\"column-2\">Bachelor\u2019s degree or higher required<\/td>\n<\/tr>\n<tr class=\"row-15\">\n\t<td class=\"column-1\"><strong>Loan servicer<\/strong><\/td><td class=\"column-2\">PenFed<\/td>\n<\/tr>\n<tr class=\"row-16\">\n\t<td class=\"column-1\"><strong>Best if<\/strong><\/td><td class=\"column-2\"><ul><li>You want to take over parent PLUS loans<\/li><br \/>\n<li>You and your spouse want to refinance your loans together<\/li><br \/>\n<li>You need a cosigner to be approved<\/li><\/ul><\/td>\n<\/tr>\n<tr class=\"row-17\">\n\t<td colspan=\"2\" class=\"column-1\"><p style=\"text-align: center;\"><small>All APRs reflect autopay and loyalty discounts where available<\/small><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n<p><a name=\"penfed-review\"><\/a><\/p>\n<h2>PenFed student loan refinancing review<\/h2>\n<p>PenFed is a credit union that was founded to provide services to Department of Defense employees, as well as active-duty military servicemembers and veterans. But today, anyone can join PenFed by opening up a savings account with a $5 initial deposit.<\/p>\n<p>PenFed offers student loan refinancing powered by Purefy Inc., a fintech firm specializing in student loan programs. Unlike some lenders who sell your loan to investors, PenFed provides the funding and collects the payments on your loan.<\/p>\n<h3>How to qualify<\/h3>\n<p>To qualify for PenFed student loan refinancing, you\u2019ll need to have earned at least a bachelor\u2019s degree, and be a U.S. citizen \u2014 legal residents aren\u2019t eligible.<\/p>\n<p>Whether you\u2019ll qualify for PenFed refinancing also depends a lot on your credit score, income, and the amount of debt you want to refinance. To qualify on your own, you\u2019ll need a credit score of at least 700, and annual income of no less than $42,000. If you want to refinance more than $150,000 in debt without a cosigner, you\u2019ll need a credit score of at least 725, and at least $50,000 in income.<\/p>\n<p>If you can\u2019t qualify on your own, you may be approved if you apply with a cosigner. With a cosigner, you can qualify for PenFed refinancing with a credit score as low as 670 and minimum annual income of $25,000. Your cosigner has to have a credit score of 720 or higher and earn at least $42,000.<\/p>\n<p>When you apply with a cosigner or refinance with your spouse, PenFed uses the higher credit score to calculate your interest rate.<\/p>\n<h3>Repayment<\/h3>\n<p>When you refinance student loans with PenFed, you can choose to pay off your new loan over five, eight, 12, or 15 years. The lack of a 20-year option could make it hard for some borrowers with larger debt to refinance into a loan with affordable monthly payments.<\/p>\n<p>Like most lenders who <a href=\"https:\/\/www.credible.com\/refinance-student-loans\">refinance student loans<\/a>, PenFed doesn\u2019t guarantee you\u2019ll be granted deferment or forbearance if you have unexpected financial difficulties.<\/p>\n<p>However, if you lose your job or become so ill you can\u2019t work, PenFed says it would work with a borrower on a case-by-case basis.<\/p>\n<p><a name=\"compares\"><\/a><\/p>\n<h2>How PenFed compares to other lenders<\/h2>\n\n<table id=\"tablepress-186\" class=\"tablepress tablepress-id-186 table table-border-top table-striped table-rounded table-no-img-margin tbody-has-connected-cells\">\n<tbody class=\"row-striping row-hover\">\n<tr class=\"row-1\">\n\t<td class=\"column-1\"><\/td><td class=\"column-2\"><center><br \/>\n            <div class=\"tablepress-lender__logo__container\">\n                <img fetchpriority=\"high\" decoding=\"async\" width=\"768\" height=\"296\" src=\"https:\/\/www.credible.com\/lenders\/wp-content\/uploads\/penfed-purefy-1200-1-768x296.png\" class=\"tablepress-lender__logo wp-post-image\" alt=\"\" srcset=\"https:\/\/www.credible.com\/lenders\/wp-content\/uploads\/penfed-purefy-1200-1-768x296.png 768w, https:\/\/www.credible.com\/lenders\/wp-content\/uploads\/penfed-purefy-1200-1-600x232.png 600w, https:\/\/www.credible.com\/lenders\/wp-content\/uploads\/penfed-purefy-1200-1-300x116.png 300w, https:\/\/www.credible.com\/lenders\/wp-content\/uploads\/penfed-purefy-1200-1-150x58.png 150w, https:\/\/www.credible.com\/lenders\/wp-content\/uploads\/penfed-purefy-1200-1.png 1200w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/>            <\/div>\n        <br \/>\n        <div class=\"tablepress-rating-shortcode \">\n        <div class=\"heading__container \">\n    <span class=\"heading\">\n                    <a href=\"https:\/\/www.credible.com\/lenders\/penfed\/\">Credible Rating<\/a>\n            <\/span>\n            <div class=\"even\" data-toggle=\"tip\" data-placement=\"top left\">\n    <img decoding=\"async\" class=\"icon-help m-a-0\" alt=\"Question mark icon to show more information\" src=\"https:\/\/www.credible.com\/lenders\/wp-content\/themes\/credible\/assets\/images\/lender-rating\/icon-help-dark.svg\">\n    <span class=\"tip\">\n        <span class=\"tip-content\" >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. <a href=\"https:\/\/www.credible.com\/blog\/credible-rating-lender-methodology\/\">Read our full methodology.<\/a><\/span>\n        <span class=\"tip-arrow\"><\/span>\n    <\/span>\n<\/div>\n    <\/div><div class=\"star-rating__container\">\n                <img decoding=\"async\" class=\"star-light\" alt=\"A full star\" src=\"https:\/\/www.credible.com\/lenders\/wp-content\/themes\/credible\/assets\/images\/lender-rating\/star-light-full.svg\">\n                    <img decoding=\"async\" class=\"star-light\" alt=\"A full star\" src=\"https:\/\/www.credible.com\/lenders\/wp-content\/themes\/credible\/assets\/images\/lender-rating\/star-light-full.svg\">\n                    <img decoding=\"async\" class=\"star-light\" alt=\"A full star\" src=\"https:\/\/www.credible.com\/lenders\/wp-content\/themes\/credible\/assets\/images\/lender-rating\/star-light-full.svg\">\n                    <img decoding=\"async\" class=\"star-light\" alt=\"A full star\" src=\"https:\/\/www.credible.com\/lenders\/wp-content\/themes\/credible\/assets\/images\/lender-rating\/star-light-full.svg\">\n                            <img decoding=\"async\" class=\"star-light\" alt=\"A half star\" src=\"https:\/\/www.credible.com\/lenders\/wp-content\/themes\/credible\/assets\/images\/lender-rating\/star-light-half.svg\">\n        <\/div>        <\/div>\n        <\/td><td class=\"column-3\"><center><br \/>\n            <div class=\"tablepress-lender__logo__container\">\n                <img decoding=\"async\" width=\"240\" height=\"80\" src=\"https:\/\/www.credible.com\/lenders\/wp-content\/uploads\/CA_Logo_120x40@2x-1.png\" class=\"tablepress-lender__logo wp-post-image\" alt=\"\" srcset=\"https:\/\/www.credible.com\/lenders\/wp-content\/uploads\/CA_Logo_120x40@2x-1.png 240w, https:\/\/www.credible.com\/lenders\/wp-content\/uploads\/CA_Logo_120x40@2x-1-150x50.png 150w\" sizes=\"(max-width: 240px) 100vw, 240px\" \/>            <\/div>\n        <br \/>\n        <div class=\"tablepress-rating-shortcode \">\n        <div class=\"heading__container \">\n    <span class=\"heading\">\n                    <a href=\"https:\/\/www.credible.com\/lenders\/college-ave\/#college-ave-student-loan-refinancing\">Credible Rating<\/a>\n            <\/span>\n            <div class=\"even\" data-toggle=\"tip\" data-placement=\"left\">\n    <img decoding=\"async\" class=\"icon-help m-a-0\" alt=\"Question mark icon to show more information\" src=\"https:\/\/www.credible.com\/lenders\/wp-content\/themes\/credible\/assets\/images\/lender-rating\/icon-help-dark.svg\">\n    <span class=\"tip\">\n        <span class=\"tip-content\" >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. <a href=\"https:\/\/www.credible.com\/blog\/credible-rating-lender-methodology\/\">Read our full methodology.<\/a><\/span>\n        <span class=\"tip-arrow\"><\/span>\n    <\/span>\n<\/div>\n    <\/div><div class=\"star-rating__container\">\n                <img decoding=\"async\" class=\"star-light\" alt=\"A full star\" src=\"https:\/\/www.credible.com\/lenders\/wp-content\/themes\/credible\/assets\/images\/lender-rating\/star-light-full.svg\">\n                    <img decoding=\"async\" class=\"star-light\" alt=\"A full star\" src=\"https:\/\/www.credible.com\/lenders\/wp-content\/themes\/credible\/assets\/images\/lender-rating\/star-light-full.svg\">\n                    <img decoding=\"async\" class=\"star-light\" alt=\"A full star\" src=\"https:\/\/www.credible.com\/lenders\/wp-content\/themes\/credible\/assets\/images\/lender-rating\/star-light-full.svg\">\n                    <img decoding=\"async\" class=\"star-light\" alt=\"A full star\" src=\"https:\/\/www.credible.com\/lenders\/wp-content\/themes\/credible\/assets\/images\/lender-rating\/star-light-full.svg\">\n                            <img decoding=\"async\" class=\"star-light\" alt=\"A half star\" src=\"https:\/\/www.credible.com\/lenders\/wp-content\/themes\/credible\/assets\/images\/lender-rating\/star-light-half.svg\">\n        <\/div>        <\/div>\n        <\/td><td class=\"column-4\"><center><br \/>\n            <div class=\"tablepress-lender__logo__container\">\n                <img decoding=\"async\" width=\"347\" height=\"55\" src=\"https:\/\/www.credible.com\/lenders\/wp-content\/uploads\/citizens_logo_trans-e1617739618865.png\" class=\"tablepress-lender__logo wp-post-image\" alt=\"\" srcset=\"https:\/\/www.credible.com\/lenders\/wp-content\/uploads\/citizens_logo_trans-e1617739618865.png 347w, https:\/\/www.credible.com\/lenders\/wp-content\/uploads\/citizens_logo_trans-e1617739618865-300x48.png 300w, https:\/\/www.credible.com\/lenders\/wp-content\/uploads\/citizens_logo_trans-e1617739618865-150x24.png 150w\" sizes=\"(max-width: 347px) 100vw, 347px\" \/>            <\/div>\n        <br \/>\n        <div class=\"tablepress-rating-shortcode \">\n        <div class=\"heading__container \">\n    <span class=\"heading\">\n                    <a href=\"https:\/\/www.credible.com\/lenders\/citizens-bank\/#citizens-bank-student-loan-refinancing\">Credible Rating<\/a>\n            <\/span>\n            <div class=\"even\" data-toggle=\"tip\" data-placement=\"top left\">\n    <img decoding=\"async\" class=\"icon-help m-a-0\" alt=\"Question mark icon to show more information\" src=\"https:\/\/www.credible.com\/lenders\/wp-content\/themes\/credible\/assets\/images\/lender-rating\/icon-help-dark.svg\">\n    <span class=\"tip\">\n        <span class=\"tip-content\" >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. <a href=\"https:\/\/www.credible.com\/blog\/credible-rating-lender-methodology\/\">Read our full methodology.<\/a><\/span>\n        <span class=\"tip-arrow\"><\/span>\n    <\/span>\n<\/div>\n    <\/div><div class=\"star-rating__container\">\n                <img decoding=\"async\" class=\"star-light\" alt=\"A full star\" src=\"https:\/\/www.credible.com\/lenders\/wp-content\/themes\/credible\/assets\/images\/lender-rating\/star-light-full.svg\">\n                    <img decoding=\"async\" class=\"star-light\" alt=\"A full star\" src=\"https:\/\/www.credible.com\/lenders\/wp-content\/themes\/credible\/assets\/images\/lender-rating\/star-light-full.svg\">\n                    <img decoding=\"async\" class=\"star-light\" alt=\"A full star\" src=\"https:\/\/www.credible.com\/lenders\/wp-content\/themes\/credible\/assets\/images\/lender-rating\/star-light-full.svg\">\n                    <img decoding=\"async\" class=\"star-light\" alt=\"A full star\" src=\"https:\/\/www.credible.com\/lenders\/wp-content\/themes\/credible\/assets\/images\/lender-rating\/star-light-full.svg\">\n                            <img decoding=\"async\" class=\"star-light\" alt=\"A half star\" src=\"https:\/\/www.credible.com\/lenders\/wp-content\/themes\/credible\/assets\/images\/lender-rating\/star-light-half.svg\">\n        <\/div>        <\/div>\n        <\/td>\n<\/tr>\n<tr class=\"row-2\">\n\t<td class=\"column-1\"><strong>Rates from (APR)<\/strong><\/td><td class=\"column-2\"><strong>Fixed:<\/strong><br \/>\nCheck with lender<br \/>\n<br \/>\n<strong>Variable:<\/strong> <br \/>\nN\/A<\/td><td class=\"column-3\"><strong>Fixed:<\/strong> <br \/>\n  <span>\n    6.99%+<sup>2<\/sup>\n  <\/span>\n<br \/>\n<br \/>\n<strong>Variable:<\/strong> <br \/>\n  <span>\n    6.99%+<sup>2<\/sup>\n  <\/span>\n<\/td><td class=\"column-4\"><strong>Fixed:<\/strong> <br \/>\n  <span>\n    5.65%+<sup>1<\/sup>\n  <\/span>\n<br \/>\n<br \/>\n<strong>Variable:<\/strong> <br \/>\n  <span>\n    5.7%+<sup>1<\/sup>\n  <\/span>\n<\/td>\n<\/tr>\n<tr class=\"row-3\">\n\t<td class=\"column-1\"><strong>Loan repayment terms (Years)<\/strong><\/td><td class=\"column-2\">5, 8, 12, 15<\/td><td class=\"column-3\">5 to 15 years<\/td><td class=\"column-4\">5, 7, 10, 15, 20<\/td>\n<\/tr>\n<tr class=\"row-4\">\n\t<td class=\"column-1\"><strong>Loan amount<\/strong><\/td><td class=\"column-2\">$7,500 to $300,000<\/td><td class=\"column-3\">$5,000 to $300,000<\/td><td class=\"column-4\">$10,000 to $500,000<br \/>\n<small>(depending on level of education)<\/small><\/td>\n<\/tr>\n<tr class=\"row-5\">\n\t<td class=\"column-1\"><strong>Cosigner release?<\/strong><\/td><td class=\"column-2\">Applications accepted after 12 months of consecutive on-time payments<\/td><td class=\"column-3\">Not offered for refinancing<\/td><td class=\"column-4\">Yes, applications accepted after 36 months of consecutive payments<\/td>\n<\/tr>\n<tr class=\"row-6\">\n\t<td class=\"column-1\"><strong>Transfer parent loan to child?<\/strong><\/td><td class=\"column-2\">Yes<\/td><td class=\"column-3\">No<\/td><td class=\"column-4\">No<\/td>\n<\/tr>\n<tr class=\"row-7\">\n\t<td class=\"column-1\"><strong>Loan servicer<\/strong><\/td><td class=\"column-2\">PenFed <\/td><td class=\"column-3\">University Account Service (UAS)<\/td><td class=\"column-4\">Firstmark Services<\/td>\n<\/tr>\n<tr class=\"row-8\">\n\t<td class=\"column-1\"><strong>Best for<\/strong><\/td><td class=\"column-2\">Refinancing student loans taken out by parent or spouse<\/td><td class=\"column-3\">Graduates seeking flexible loan terms<\/td><td class=\"column-4\">Refinancing large loan balances<\/td>\n<\/tr>\n<tr class=\"row-9\">\n\t<td colspan=\"4\" class=\"column-1\"><p style=\"text-align: center;\"><small>All APRs reflect autopay and loyalty discounts where available | <a href=\"https:\/\/www.citizensbank.com\/student-lending\/DisclosureHub.aspx#rate-lowest\" target=\"_blank\" rel=\"noopener noreferrer\"><sup>1<\/sup>Citizens Disclosures <\/a> | <a href=\"https:\/\/www.credible.com\/a\/college-ave-disclosures\/\" target=\"_blank\" rel=\"noopener noreferrer\"><sup>2<\/sup>College Ave Disclosures <\/a>| <a href=\"https:\/\/www.elfi.com\/terms\/\" target=\"_blank\" rel=\"noopener noreferrer\"><sup>3<\/sup> ELFI Disclosures<\/a> | <a href=\"https:\/\/www.credible.com\/a\/invested-slr-disclosures\" target=\"_blank\" rel=\"noopener noreferrer\"><sup>4<\/sup>INvestEd Disclosures<\/a> | <a href=\"https:\/\/www.credible.com\/a\/ISL-Disclosures\" target=\"_blank\" rel=\"noopener noreferrer\"><sup>5<\/sup>ISL Education Lending Disclosures<\/a> <\/small><\/p><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n<p><a name=\"penfed-student-loan-refinancing\"><\/a><\/p>\n<h2>How to refinance student loans with PenFed<\/h2>\n<p>PenFed has proven itself to be a great option for many borrowers seeking to lower the interest rate on their student loans. But before refinancing student loans with any company, it\u2019s wise to shop around.<\/p>\n<p>Credible lets you compare rates from many of the <a href=\"https:\/\/www.credible.com\/blog\/best-student-loan-refinance-companies\/\">best student loan refinancing companies<\/a>, without affecting your credit score or putting your personal information at risk.<\/p>\n<div class=\"basic-box\" style=\"border: 1px solid #E2E4E6;\"><div class=\"basic-box__inside\"><span style=\"font-size: x-large;\"><strong>Find out if refinancing is right for you<\/strong><\/span><\/p>\n<ul class=\"list--iconArrow accent--isGreen\">\n<li><strong>Compare actual rates, not ballpark estimates<\/strong> &#8211; Unlock rates from multiple lenders with no impact on your credit score<\/li>\n<li><strong>Won&#8217;t impact credit score<\/strong> &#8211; Checking rates on Credible takes about 2 minutes and won&#8217;t impact your credit score<\/li>\n<li><strong>Data privacy<\/strong> &#8211; We don&#8217;t sell your information, so you won&#8217;t get calls or emails from multiple lenders<\/li>\n<\/ul>\n<p style=\"text-align: center;\"><a class=\"btn btn-warning\" href=\"https:\/\/www.credible.com\/refinance-student-loans\">See Your Refinancing Options<\/a><br \/>\n<small>Credible is 100% free!<\/small><\/p>\n<p><!-- TrustBox widget - Micro Combo --><\/p>\n<div class=\"trustpilot-widget\" data-locale=\"en-US\" data-template-id=\"5419b6ffb0d04a076446a9af\" data-businessunit-id=\"5536ec090000ff00057eebe7\" data-style-height=\"20px\" data-style-width=\"100%\" data-theme=\"light\"><a href=\"https:\/\/www.trustpilot.com\/review\/www.credible.com\" target=\"_blank\" rel=\"noopener noreferrer\">Trustpilot<\/a><\/div>\n<p><!-- End TrustBox widget --><\/p>\n<\/div><\/div>\n<h2>How PenFed can improve<\/h2>\n<p>PenFed offers some creative options for refinancing student loans at competitive rates. The credit union could improve by:<\/p>\n<ul>\n<li>Providing refinancing to borrowers who didn\u2019t earn a degree<\/li>\n<li>Serving permanent U.S. residents who aren\u2019t citizens<\/li>\n<li>Offering a 20-year repayment option to borrowers who want to lower their monthly payment<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Best if: You want to take over parent PLUS loans You and your spouse want to refinance your loans together You need a cosigner to be approved Pentagon Federal Credit Union (PenFed) has made a&hellip; <a class=\"more \" href=\"https:\/\/www.credible.com\/lenders\/penfed-student-loan-refinance\/\">Continue reading<\/a><\/p>\n","protected":false},"author":9,"featured_media":10974,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1476],"tags":[1450],"class_list":["post-9114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-student-loan-refinancing","tag-silo-reviews-refi","penfed-student-loan-refinance","post_tag-silo-reviews-refi"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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