How We Get Paid

We want this to be a “win-win” situation. So we only want to get paid if we bring you value in the form of finding a personal finance option that works for you. Not by selling your data. Credible receives compensation by the lender if you finish the loan process and a loan is disbursed. The amount of our compensation does not impact how and where lenders appear on our site, and Credible charges you no fees of any sort.

REFINANCE STUDENT LOANS

Excellent
5,321 reviews on
Trustpilot

Federal loan forgiveness plans and payment pause have been extended into 2023. Read our guide

Best Rate Guarantee
Learn more
COMPARE TOP LENDERS

How to Refinance Your Student Loans Through Credible

1
1
Fill out a quick simple form (2 mins)
  • One form to access options from top lenders
  • Checking your rates won't affect your credit score
  • Your information is not shared with lenders at this point
2
2
Choose an option you like (2 mins)
  • Easily compare your prequalified options in one place
  • Use our comprehensive tools to quickly find a plan for you
  • Get actual rates based on your credit profile, no estimates
* Actual results may vary
3
3
Provide your loan details (3 mins)
  • Use our easy import tools to add the loans you want to refinance
  • Provide some additional details about yourself
  • Get your final offer in as little as 1 business day
Join thousands of others who have already saved by refinancing.

Compare Options for Student Loan Consolidation and Refinancing

  • Lenders & Rates
  • Eligible Loans
  • 100% Free
LenderRates From (APR)
Brazos
Fixed:
4.40%
Variable:
4.67%
Citizens
Fixed:
5.39%1
Variable:
5.39%1
College Ave
Fixed:
5.99%2
Variable:
5.99%2
EDvestinU
Fixed:
7.41%3
Variable:
7.39%3
ELFI
Fixed:
5.08%4
Variable:
4.53%4
INvestEd
Fixed:
5.61%5
Variable:
6.61%5
ISL Education Lending
Fixed:
6.94%6
Variable:
N/A
LendKey
Fixed:
4.49%
Variable:
4.76%
MEFA
Fixed:
5.50%
Variable:
N/A
RISLA
Fixed:
5.29%
Variable:
N/A
All APRs reflect all applicable discounts where available
View disclosures: 
4.  ELFI
6.  
ISL Education Lending
  • Federal Student Loans

    Our lenders can refinance some or all of your federal student loans into a private loan.

  • Private Student Loans

    Lenders also refinance private student loans from banks, credit unions or schools.

  • Parent PLUS Loans

    If you took out Parent PLUS loans for a student, you can refinance them through Credible.

  • Service fee

    Using Credible is 100% free. Get your actual rates and amazing customer support.

  • Origination fee

    None of our partner lenders charge loan origination fees when you refinance.

  • Prepayment penalty

    There's no prepayment penalty if you'd like to pay off your loans faster.

See personalized rates from multiple lenders in 2 minutes.
See My Rate
Checking rates won’t affect your credit
What Our Users Are Saying
One Stop Shop
It was very easy to get a range of offers on student loan refinancing. I'm trying to rebuild my credit and after a dozen "no" answers credible got me several offers…
See Cassandra’s review on Trustpilot
Amazing
Amazing! I wished I went to this site sooner, lead me to the loans with the lowest rates, I was able to pick which one is best for me. Thanks Credible!
See K.G's review on Trustpilot
Winning situation
After my son used Credible to refinance his school loans, I decided to attempt refinancing my parent loans through them. I am very thankful for the opportunity to refinance my loans...
See Betty's review on Trustpilot

Student Loan Refinance FAQs

By Jamie Young

Written by

Jamie Young

Student Loans Editor

Jamie Young is a Credible authority on personal finance. Her work has appeared on some of the best-known media outlets including Time, CBS News, Huffington Post, Business Insider, AOL, MSN, and more.

Time MagazineCBSHuff Post
& Matt Carter

Written by

Matt Carter

Student Loans Editor

Matt Carter is a writer and editor for Credible. His work has been featured by CNBC, CNN Money, Consumer Reports, Money, USA Today, The New York Times, The Wall Street Journal, The Washington Post, and more.

CNBCWSJNew York Times

Updated March 26, 2023

Reviewed by Dennis Wentworth

Written by

Dennis Wentworth

Student Loans Editor

Dennis Wentworth is a Credible student loan expert with more than 30 years experience in the industry. Prior to joining Credible, he headed up national sales teams for Sallie Mae, Next Generation Insurance and Ascent Student Loans.

Sallie MaeAscent

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."

This mainly depends on what type of student loans you have.

  • If you have private student loans, refinancing might get you a lower interest rate or reduced monthly payment (or both), which could help you more easily manage your loans during the COVID-19 pandemic. You can check rates and potentially prequalify for a much lower rate than what you have right now.

  • If you have federal student loans, it’s likely better to wait for updates on the CARES Act and forgiveness plans before consolidating with a private lender. Due to the pandemic, federals student loan payments and interest accrual have been suspended during the pandemic into 2023. If you refinance your federal student loans, you’ll lose access to this suspension as well as other federal benefits and protections, such as income-driven repayment plans and student loan forgiveness programs.

Learn more: Federal Student Loans and COVID-19: What You Need to Know

Refinancing your student loans is when you take out a new loan to pay off your old loans, leaving you with just one loan and payment to manage. Depending on your credit, you might be able to lower your interest rate through refinancing — which could save you money on interest and even help you pay off your loan faster.

Or you could opt to extend your repayment term through refinancing, which could reduce your monthly payments and lessen the strain on your budget. Just keep in mind that choosing a longer repayment term means you’ll pay more in interest over time.

There are several types of student loans that are eligible for refinancing, including loans for undergraduate, graduate, and professional studies. These loan types include:

  • Federal student loans are offered by the U.S. Department of Education and have their interest rates set by Congress. They also provide benefits and protections that don’t come with private loans, such as access to federal deferment and forbearance, income-driven repayment plans, and student loan forgiveness programs.

  • Private student loans are offered by private lenders, including traditional banks and credit unions as well as online lenders. The interest rates on these loans vary by lender and are determined by market conditions. While private loans don’t offer federal protections, they do offer benefits like potentially