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EdvestinU Student Loan Refinancing Review September 2025

EdvestinU’s refinance loans offer a generous hardship forbearance and cosigner release, but they’re not right for everyone.

Author
By Melanie Lockert

Written by

Melanie Lockert

Freelance writer

Melanie Lockert is a writer and author of “Dear Debt” with over 10 years of experience. Her work has been featured by CNN, Business Insider, U.S. News & World Report, and Yahoo Finance.

Written by

Melanie Lockert

Freelance writer

Melanie Lockert is a writer and author of “Dear Debt” with over 10 years of experience. Her work has been featured by CNN, Business Insider, U.S. News & World Report, and Yahoo Finance.

Edited by Kelly Larsen

Written by

Kelly Larsen

Kelly Larsen is a student loans editor at Credible. She has spent over 10 years covering personal finance, with expertise in mortgage and debt management.

Written by

Kelly Larsen

Kelly Larsen is a student loans editor at Credible. She has spent over 10 years covering personal finance, with expertise in mortgage and debt management.

Reviewed by Richard Richtmyer

Written by

Richard Richtmyer

Richard Richtmyer is a senior editor with over 20 years of finance experience. He's an expert on student loans, capital markets, investing, real estate, technology, business, government, and politics.

Written by

Richard Richtmyer

Richard Richtmyer is a senior editor with over 20 years of finance experience. He's an expert on student loans, capital markets, investing, real estate, technology, business, government, and politics.

Updated August 25, 2025

Editorial disclosure: Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, whom we will always identify, all opinions are our own. Credible Operations, Inc. NMLS # 1681276, is referred to here as “Credible.”

Featured

EdvestinU is part of New Hampshire-based nonprofit, Granite Edvance, which has been around for 60 years and disbursed $95.1 million in new loans in 2024. The company offers student loan refinancing as well as private student loans for undergraduate and graduate students. Learn more about its offerings in our EdvestinU review.

EdvestinU student loan refinancing review

Advertiser Disclosure

We receive compensation from the companies below if you purchase a product. Amount of compensation does not impact the ranking or placement of a particular product. Not all available financial products and offers from all financial institutions have been reviewed by this website. This content is not provided by Credible or any of the Providers on the Credible website. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by Credible.

EdvestinU: Best Nonprofit Lender

EDvestinU

4.6

Credible Rating

To determine the best student loan refinancing companies, Credible evaluated lenders based on several different categories, including: rates and fees, loan terms, eligibility, repayment options, and customer support. We assigned a score out of five stars to each lender based on our findings.
Read our full methodology.

on Credible's website

Min. Credit Score

700

Fixed APR

4.15 -

Variable APR

-

Loan Amount

$7,500 - $200,000

Term

5, 10, 15, 20

Expert Insights

Backed by a nonprofit organization, EdvestinU stands out among many others by offering student loan refinancing without requiring a degree. Borrowers can apply while still in school, which is uncommon among lenders. Eligibility for refinancing through EdvestinU is based on income and credit, with higher thresholds for larger loan amounts.

Best for: Nonprofit borrowing benefits

Borrowers benefit from EdvestinU's nonprofit status, which can translate to lower interest rates and no application or origination fees. Plus, earnings are reinvested in New Hampshire to support students. For example, Granite Edvance awarded more than $750,000 in scholarships to New Hampshire students in 2025.

Pros and cons

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Pros

  • Phone or in-person loan consultations
  • Cosigner release available after 24 months of payments
  • Hardship forbearance up to 24 months
  • No graduation requirement for student loan refinancing
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Cons

  • Long loan approval and disbursement process
  • Maximum borrowing limit of $200,000
  • Limited availability; only 19 states and Puerto Rico qualify
  • Late fee of 5% of past-due balance or $5, whichever is less

Eligibility requirements

To be eligible for student loan refinancing from EdvestinU, you must meet the following requirements:

  • Citizenship: Must be a U.S. citizen or eligible noncitizen
  • Age: Must be at least the age of majority in your state
  • Loans: Must have federal or private student loans in your name (parent PLUS loans aren't eligible)
  • Minimum income requirement: $30,000 individual income for a refinance loan below $100,000; $50,000 for a refinance loan over $100,000
  • Minimum credit score: 700
  • Minimum loan amount: $7,500
  • Maximum loan amount: $200,000
  • Maximum debt-to-income ratio: 43%

Borrowing limits

If you're looking to refinance student loans with EdvestinU, you must borrow at least $7,500. The most you can borrow is $200,000. However, be aware that EdvestinU also has a lifetime borrowing limit of $225,000 across all loans you take out with them.

Current student loan refinance rates

Repayment terms

Your repayment term dictates how long you have to repay your loan. EdvestinU offers the following repayment term options for its refinance loans:

  • 5 years
  • 10 years
  • 15 years
  • 20 years

Notable benefits

One of the most notable benefits of refinancing with Edvestinu is that, unlike many other lenders, it doesn't require borrowers to have graduated in order to refinance. This makes EdvestinU refinance loans a good option for students who didn't complete their degrees.

EdvestinU doesn't charge any application fees, origination fees, or prepayment penalties for its refinance loans. When you sign up for automatic payments, you can benefit from a 0.25 percentage point interest rate reduction. In addition, cosigner release is available after only 24 months of consecutive, on-time payments.

Finally, EdvestinU offers a longer-than-average hardship forbearance period of up to 24 months, which is significantly longer than some other private lenders. Borrowers can also opt to enroll in an interest-only alternative repayment plan for up to 12 months, if approved.

What to consider before borrowing from EdvestinU

EdvestinU student loan refinancing is a good option for borrowers with solid credit scores who want to take advantage of nonprofit borrower benefits. Additionally, borrowers looking for more hands-on support can take advantage of customer service either in person or by phone.

It's important to be aware that EdvestinU has a longer approval timeline than some other lenders. It typically takes 30 days from the time you submit your application to loan disbursement.

Finally, be sure to review EdvestinU's state eligibility list, as the lender only offers student loans and refinancing in 19 states and Puerto Rico.

How to apply for EdvestinU student loan refinancing

To apply for an EdvestinU refinance loan, follow these steps:

  1. Prequalify: You can prequalify on EdvestinU's website and see your potential interest rate within 3 minutes. This step won't impact your credit score.
  2. Submit the application: Next, go through the application and submit it. There will be a hard credit check at this stage that can cause a temporary dip in your credit score.
  3. Provide documentation: As part of the application process, you must provide supporting documentation. You'll need to provide personal and financial information, as well as details about your loan servicers, including account numbers, loan balances, and interest rates.
  4. Review loan details: If approved, review your interest rate and choose your loan term.
  5. Sign the loan agreement: To complete the process, sign your loan agreement.

Why you can trust our Credible experts

The Credible editorial team is independent and unbiased. Partners do not influence our editorial content. To help you find the best student loan for your situation, we conduct thorough research and analyze thousands of lender data points. Using data-driven methodologies, we score criteria that are important to you. This allows us to objectively rank student loan lenders and products. To learn more, read our methodology below.

Methodology

To determine EdvestinU's lender rating, Credible collected more than 1,000 points of data on two dozen private student loan refinance companies and evaluated them on several different categories: repayment options, eligibility, interest rates, loan terms, and customer support. We assigned a score out of five stars to each lender based on our findings. Below are the weightings assigned to the general categories for the best student loan refinance companies — which comprise individual criteria that are also weighted.

  • Repayment options: 30%
  • Eligibility: 25%
  • Interest rates: 20%
  • Loan terms: 15%
  • Customer support: 10%

While the best lender for you will depend on your unique needs and financial circumstances, these findings should help answer your questions and assist you in your search for the best student loan.

Learn more about our methodology.

FAQ

Is EdvestinU a trusted lending provider?

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Is it hard to get approved for student loan refinancing with EdvestinU?

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What credit score do you need to refinance with EdvestinU?

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How long does it take to get approved for student loan refinancing from EdvestinU?

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Meet the expert:
Melanie Lockert

Melanie Lockert is a writer and author of “Dear Debt” with over 10 years of experience. Her work has been featured by CNN, Business Insider, U.S. News & World Report, and Yahoo Finance.