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Thursday, December 9th
Why fill out online forms with lots of different lenders when you can get multiple student loan refinancing options at once with Credible? Most of today's best lenders are Credible partners, so starting here can save you both time and money. This referral service even guarantees you'll get the best possible rate on your loan. Although the rest of your borrowing experience will depend on the lender you select, Credible is our favorite choice for getting started on refinancing all student loans and they earn our highest recommendation.
If you want student loan refinancing with maximum flexibility and great rates, take a look at what Earnest has to offer. One of the newer providers on the market, this lender services all of their loans themselves and has some very customer-friendly perks like zero fees (besides interest) and skip a payment. Earnest is one of our top picks for refinancing student loans of at least $5,000.
If you got your student loans back when interest rates were high, you're smart to think it might be a good idea to refinance when rates have dropped. Whether you get a lower rate or take years off your loan (or both!), your savings could be in the tens of thousands of dollars.
You can typically qualify to refinance your student loans if your outstanding balance is at least $5,000, though some lenders have higher minimums. You'll often need to be in good standing and up to date on your current loan payments, have steady income and a credit score of 660 or higher. Otherwise, your refinancing may require a cosigner.
But, be careful if you're considering refinancing your federal student loans into a private loan. There are some benefits offered with government student loans that don't carry over into privately-funded ones. Do your research before you sign on the dotted line and make sure that the benefits you'd gain outweigh the perks you'd lose.
So, you've determined that it's the right time to refinance your student loan. What should you look for in a lender? Here are some factors to guide your decision-making:
To help you determine the best way to refinance your student loan, TopConsumerReviews.com has evaluated and ranked today's top lenders. We're confident that with this information, you'll easily find the right rate and term on your loan refinancing!
Select any 2 Student Loan Refinance Companies to compare them head to head
Millions of borrowers will have to start paying federal student loans ...
Millions of people will have to start repaying their federal student loans — deferred during the coronavirus pandemic — in just two months. A group of Democratic senators wants to know if four of the ...
Thu, 02 Dec 2021
MarketWatch on ...
Student loan refi rates hit record lows, with some loans starting ...
The rates to refinance your student loans hit their the lowest levels since finance firm Credible — which looks at rates for borrowers with credit scores of 720 and above in their marketplace — began ...
Thu, 02 Dec 2021