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10 Best Student Loan Refinance Companies

Refinancing can help you save thousands and pay off your loans earlier if you qualify for a good offer. The interesting part is the opportunity to save money.

10 Best Student Loan Refinance Companies

Sentinel Digital Desk

Taking student loans can affect your eligibility for other loans, including mortgages. In this case, you need right strategy and tools to stay safe. However, refinancing student loans will help you manage your payments and save money. Hence, in this article, we will show you the 10 best student loan refinance companies in 2021.

What is student loan refinance?

Student loan refinancing helps you to adjust the repayment terms and interest rate on private and federal student loans. In simple terms, it allows you to convert multiple loans into a new loan that pays off some or your entire existing education loan.

Refinancing can help you save thousands and pay off your loans earlier if you qualify for a good offer. The interesting part is the opportunity to save money. It helps you replace all of your existing student loans with new loans with new terms. Plus, if you qualify for a lower interest rate or a reduced payback period for a new loan, you can save thousands in interest over the life of the loan. As a borrower, you can refinance your loan through several private lenders.

To choose your refinance companies, you need to consider the fixed rate category, variable-rate category, rate check options etc.

List of Top 10 Student Loan Refinance Companies

SoFi student loan refinances company

SoFi has offered student loans since 2011 and served 18 borrowers with over 250,000 billion in student loan refinancing. Those with a credit score as low as 650 may qualify.

PenFed Student Loan Refinance

RSI makes lenders lower your monthly payments or pay off your student loans. In addition, fixed rates are lower than the 3.48% APR and the variable rate 2.42% APR.

Laurel Road Student Loan Refinance

Online lender Laurel Road, a division of Key Bank, has offered student loans and refinancing since 2013. Borrowers with a minimum credit score of 660 can apply.

Education loan refinance

The company has been offering loans to students since 2015.

Commonwealth Student Loan Refinance

CommonBond is one of the first student loan refinancing companies. The lender offers a unique unemployment protection program where loan payments are withheld.

Prodigy student loan refinances company

Prodigy offers a grace period of one month between graduation and your first payment to reduce the pressure that comes with transitioning to work.

Citizen bank

Backed by the stability of the bank, Citizens Bank offers many great loan options. The lender offers borrowers a minimum credit score of 680.


It borrows money from community credit unions and banks to offers borrowers well-valued student loans.

Splash Financial

The company offers students with no origination fees and unique repayment plans.


MEFA provides student loan refinancing for undergraduate and graduate students in all 50 other states.

Earnest Student Loan Refinancing

Earnest Money is one of the most flexible student loan refinancing companies out there. Basically they offer the ability to take any monthly payment and tenure between 5 to 20 years which saves you more than the standard rates and terms.

Also read:High Yield Savings Account

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