Simplify your finances, reclaim your future

Combining multiple student loans into one refinanced loan can help reduce and simplify your monthly payments and even potentially lower the total cost of your loan. Sign up for automatic debit and lower your interest rate further. EdvestinU has multiple term options for you with no application or origination fees.

U.S. citizens or permanent resident students: State residency restrictions apply. Visit our State Eligibility page to see a listing of currently eligible states.

Annual Percentage Rate (APR) Range1

  • Fixed Rates

    6.000% – 10.120%w/ optional .25% automatic debit discount2
  • Variable Rates3

    8.040% – 9.790%w/ optional .25% automatic debit discount3

What is refinancing, and is it right for you?

Refinancing is a chance to “trade in” your current student loan or loans for a new one, with new terms that may better fit your needs. EdvestinU Refinance Loans allow borrowers to refinance both federal and private student loans into one single new loan with a new interest rate and repayment term. An EdvestinU Refinance Loan can potentially lower a borrower’s monthly payment by reducing their interest rate and/or extending the repayment term of their loan. However, extending a repayment term will typically result in a higher total cost of a loan. Additionally, refinancing a federal loan means forfeiting the benefits associated with federal loans. We encourage you to speak with your federal loan servicer and research the options on the studentaid.gov website before choosing an EdvestinU Refinance Loan.

Refinance Campaign Video

Loan Application Process

  1. .01

    Start the loan process

    Click ‘Get Started’ to pre-qualify and receive custom rates in under 3 minutes without affecting your credit score.4
  2. .02

    Complete the application

    Review the loan details and complete the secure online application. (This may affect your credit score.)4
  3. .03

    Upload documentation

    Upload required loan documentation to your account.
  4. .04

    Customize and sign

    Review your rates, configure your loan terms, and sign loan documentation.
  5. .05

    We take care of the rest

    Once all paperwork is signed, we’ll issue a payoff for your existing loan servicer(s) and issue one new student loan.
Get Started

Sample Refinance Loan Rates & Terms

The tables below show you how much a $10,000 private student loan would cost in different scenarios with fixed and variable interest rates. These tables include EdvestinU’s optional .25% automatic debit discount, which borrowers can enroll in upon entering repayment. Notice how a loan’s rates and terms affect the monthly payments and overall cost.

Fixed Interest Rates

Fixed interest rates effective 2/22/2024
How Much a $10,000 Private Student Loan Would Cost with Fixed Interest Rates
TermInterest Rates Annual Percentage Rate (APR) Monthly Payments Total Cost of $10,000 Loan
In YearsLow – HighLow – HighLow – HighLow – High
5 Years 6.00% – 9.12% 6.000% – 9.120% $194.49 – $209.38 $11,588.34 – $12,470.99
10 Years 6.40% – 9.62% 6.400% – 9.620% $114.31 – $131.43 $13,504.95 – $15,497.25
15 Years 6.50% – 9.77% 6.500% – 9.770% $88.49 – $107.58 $15,513.85 – $18,758.35
20 years6.75% – 10.12%6.750% – 10.120%$77.53 – $98.97$17,870.32 – $22,524.59

Variable Interest Rates

Variable interest rates effective 3/1/2024
How Much a $10,000 Private Student Loan Would Cost with Variable Interest Rates
Term Interest Rates Annual Percentage Rate (APR) Monthly Payments Total Cost of $10,000 Loan
In YearsLow – HighLow – HighLow – HighLow – High
5 Years 8.04% – 8.79% 8.040% – 8.790% $204.15 – $207.78 $12,161.11 – $12,375.68
10 Years 8.54% – 9.29% 8.540% – 9.290% $125.54 – $129.62 $14,812.96 – $15,286.03
15 Years 8.69% – 9.44% 8.690% – 9.440% $101.07 – $105.57 $17,656.76 – $18,418.77
20 years9.04% – 9.79%9.040% – 9.790%$91.85 – $96.77$20,998.45 – $22,055.96

Why Choose EdvestinU?

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Nonprofit

Our student loans are funded by a nationally recognized nonprofit provider.

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Focused on You

We’re fully focused on serving the needs of hard-working college students across the U.S.

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Cosigner Release

Cosigner release is available after 24 months of consecutive and on-time payments.5

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Want to talk through your loan options?

Our Customer Experience Team is available Monday–Thursday, 8 AM–8 PM EST,
and Friday, 8 AM-5 PM EST

Schedule a free consultation

Strategic Partnerships

As a lender of private student loans, Granite Edvance Corporation has established strategic partnerships to provide you with an optimal borrowing experience. One of those partnerships includes our loan originator Campus Door who partners with Sparrow for the online loan application process.

What people say about us

Tens of thousands of people have entrusted us with their student loans. Many borrowers have praised our friendly team and easy application process.

View all TrustSpot reviews

Apr 04, 2023

We have been using EdvestinU for many years and children now and always found the process to be
smooth. They keep you informed of the progress from application to disbursement. Always helpful for
calls too!

Richard, Verified Buyer

Frequently Asked Questions

Yes. Existing federal and/or private student loans issued for attendance at a U.S. based, Title IV, degree–granting college or university that have not gone into default may be included.

Yes. A Parent PLUS loan may be refinanced by the original parent borrower.

A U.S. citizen or permanent resident that is at least 18 years old, resident of an eligible state, and has federal or private student loans used for attendance at a Title IV, degree–granting institution.

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