Simplifying your payments has never been easier. With the EDvestinU® Refinance Loan you can combine multiple student loans (federal and private) into a new loan with the potential to reduce your interest rate, and lower your monthly payment. You even get to choose between a 5, 10, 15 or 20 year term. But if you want to pay it off sooner, that’s okay too – and you’ll never pay a fee for paying early.
Want an idea of the rate you may receive before filling out an application? You can find out in under a minute with no impact to your credit score.
Click “Find My Rate” to get your custom rates in under a minute.
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* To check the rates you may qualify for, a soft credit pull will be conducted that will not affect your credit score. However, if you elect to continue and submit an application, a full credit report from one or more consumer reporting agencies will be required, which is considered a hard credit pull and may impact your credit score. Being displayed rates as part of the Find My Rate tool does not guarantee loan approval. Additional eligibility requirements not considered as part of the Find My Rate tool will be considered once a full application is submitted.
1 APR, projected monthly payments, and total cost of loan examples are based on a $10,000 loan disbursed in one disbursement with either 5–year, 10–year, 15–year or 20–year repayment. APR’s provided include a 0.25 percent interest rate reduction for authorizing our loan servicer to automatically deduct your payments each month from your bank account. The interest rate reduction for authorizing our servicer to automatically deduct monthly payments from a savings or checking account will not reduce the monthly payment, but will reduce the monthly finance charge, resulting in a lower total cost of loan. Variable APR rates may increase or decrease depending on fluctuations in the London Interbank Offered Rate (LIBOR) index. Monthly interest rate accrual is based on the published One–Month London Interbank Offered Rate ("LIBOR") as of the last business day of the previous month plus your applicable margin. As of March 31, 2021 the One–Month LIBOR rate is 0.11%.
2 Autopay Benefit: During Periods when payments are due, borrowers are eligible to receive a 0.25 percentage point interest rate reduction on their loan by authorizing our loan servicer to automatically deduct payments each month from the borrower’s bank account. The interest rate reduction for authorizing our servicer to automatically deduct monthly payments from a savings or checking account will not reduce the monthly payment, but will reduce the monthly finance charge, resulting in a lower total cost of loan.
Student loan servicing from a nationally recognized nonprofit provider with 24/7 online account access and expert loan counseling from application to final payment.
Stakeholders, Not Stockholders
Unlike the competition, EDvestinU Student Loan Programs focus on stakeholders — the hard–working parents and college–bound students.
Proceeds from the EDvestinU Loan Programs support scholarships and college access activities in 100% of N.H. public high schools.
The opportunity to remove a cosigner from your loan(s) after 36 months of consecutive and on–time payments
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3 Cosigner Release allowed if an account is in current standing, after 36 months of consecutive and on–time payments with a borrower FICO >699 and minimum income requirement of $30,000 for loan balances up to $100,000, and income requirement of $50,000 for loan balances over $100,000 with no foreclosures, repossessions, wage garnishments, unpaid judgments or other public records having an open balance exceeding $100 during the last 7 years. Borrowers must also have a debt–to–income ratio of 43% or less and not currently be involved in bankruptcy proceeding or had any bankruptcy filings during the past 10 years and cannot have any defaults on education loans.