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Refinance your student loans.

Get Your Rate in Under One Minute!

State residency restrictions apply. Click here to see a listing of currently eligible states.

* 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.

Application and Solicitation Disclosure >>

What is refinancing and is it right for you?



Please be aware that due to the ongoing pandemic, Federal Direct Loans and government-owned FFELP Loans will not accrue interest or require payments until at least August 31, 2022. These benefits, as well as others, will be lost if you refinance these types of loans with EDvestinU. As always, we encourage you to carefully consider which loans you wish to refinance. Additionally, current and potential future loan forgiveness provisions for Federal student loans would be lost if eligible Federal loans are included when refinancing with EDvestinU.

APR Range1

Fixed: 3.410% - 6.780%     Variable2: 3.460% - 5.210%

w/ optional .25% autopay discount3

1

Click “Find My Rate” to get your custom rates in under a minute.

2

Review your rates and complete the full online application.

3

Upload required loan documentation to your account.

4

Configure and accept your custom loan offer.

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Nonprofit Sector

Student loans funded and serviced by a nationally recognized nonprofit provide

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Stakeholders

A loan program that focuses on stakeholders — the hard–working college students.

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Community Support

Proceeds support scholarships and college access activities.

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Cosigner Release

Available after 36 months of consecutive and on–time payments.4

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Reviews may have been written in exchange for an entry into a promotion. Content of the review did not increase or decrease a person's chance of winning.

Refinance Loan Rates & Terms
($10,000 loan example w/ optional .25% autopay discount)

Repayment Term
Fixed
Interest Rate
Low - High
APR
Low - High
Projected Monthly Payment
Low - High
Total Cost of Loan
Low - High
5 Year low% – high% low% – high% $low – $high $low – $high
10 Year low% – high% low% – high% $low – $high $low – $high
15 Year low% – high% low% – high% $low – $high $low – $high
20 Year low% – high% low% – high% $low – $high $low – $high
Fixed Rates

5 Year Fixed

Interest Rate: low% – high%
low% – high% APR
Projected Monthly Payment: $low $high
Total Cost of Loan: $low – $high

10 Year Fixed

Interest Rate: low% – high%
low% – high% APR
Projected Monthly Payment: $low $high
Total Cost of Loan: $low – $high

15 Year Fixed

Interest Rate: low% – high%
low% – high% APR
Projected Monthly Payment: $low $high
Total Cost of Loan: $low – $high

20 Year Fixed

Interest Rate: low% – high%
low% – high% APR
Projected Monthly Payment: $low $high
Total Cost of Loan: $low – $high

Repayment Term
Variable
Interest Rate
Low - High
APR
Low - High
Projected Monthly Payment
Low - High
Total Cost of Loan
Low - High
5 Year low% – high% low% – high% $low – $high $low – $high
10 Year low% – high% low% – high% $low – $high $low – $high
15 Year low% – high% low% – high% $low – $high $low – $high
20 Year low% – high% low% – high% $low – $high $low – $high
Variable Rates

5 Year Variable

Interest Rate: low% – high%
low% – high% APR
Projected Monthly Payment: $low $high
Total Cost of Loan: $low – $high

10 Year Variable

Interest Rate: low% – high%
low% – high% APR
Projected Monthly Payment: $low $high
Total Cost of Loan: $low – $high

15 Year Variable

Interest Rate: low% – high%
low% – high% APR
Projected Monthly Payment: $low $high
Total Cost of Loan: $low – $high

20 Year Variable

Interest Rate: low% – high%
low% – high% APR
Projected Monthly Payment: $low $high
Total Cost of Loan: $low – $high

Things to Consider When Refinancing Your Student Loans

Choosing to refinance student loans should only be done after careful consideration. While the EDvestinU® Refinance Loan can potentially lower a borrower’s monthly payment obligation by reducing their interest rate and/or extending the repayment term of their loan, borrowers should be thoughtful about which loans they would like to include in their refinance loan.

Is refinancing right for me?

The decision about whether or not to refinance student loans varies from borrower to borrower. We often find that borrowers are looking to lower their monthly payment. This is typically done in two ways: a lower interest rate and/or an extended repayment term. In both cases the monthly payment obligation would be reduced, therefore making repayment of the loan more manageable on a monthly basis. However, extending a repayment term will result in a higher total cost of a loan. For some borrowers, the decision to refinance may also be an effort to remove a cosigner from a loan or to refinance multiple variable or fixed rate loans into a single, new loan, therefore eliminating monthly payments to multiple servicers.

What are the differences between a Federal Consolidation Loan and an EDvestinU® Loan?

A Federal Consolidation Loan provides a borrower the possibility of receiving an extended term on their Federal loan but cannot result in a reduced interest rate. The new interest rate is simply a weighted average of the interest rates on the loans being consolidated.

In addition, consolidating Federal loans into a Federal Direct Consolidation Loan allows borrowers the simplicity of paying one Federal loan servicer while maintaining any potential Federal benefits (such as loan forgiveness, special deferments, income–driven repayment options, interest subsidy, etc.).

An EDvestinU® Refinance Loan allows a borrower to refinance both Federal and private student loans into one single new loan with a new interest rate and repayment term.

By choosing to refinance Federal Student Loans into a new EDvestinU® Refinance Loan, the borrower understands:

  • Any remaining grace period on Federal or private student loans may be forfeited.
  • Any borrower benefits associated with their Federal and/or private loans are forfeited in favor of the benefits offered through EDvestinU®.
  • Any potential option of income–driven repayment on their Federal loans is forfeited.

Borrowers should research what Federal Student Loan benefits they may be eligible for before choosing to include these loans in an EDvestinU® Refinance Loan. We encourage you to speak with your Federal loan servicer and/or research the options discussed here.



Questions?

Check out our FAQ Section for answers to some commonly asked questions or call us at 855.887.5430.



1 APRs depend in part on creditworthiness. Lowest APR is only available to our most creditworthy borrowers and assumes an application with a cosigner, a 5-year repayment term, and 0.25 percentage point interest rate reduction for optional Autopay. Highest APR assumes a 20-year repayment term and 0.25 percentage point interest rate reduction for optional Autopay. For more information about Autopay, see note 3.

2 Variable rates may increase or decrease depending on fluctuations in the CME Term SOFR Rate. Monthly interest rate is based on the published One–Month CME Term SOFR Rate as of the second to last business day of the previous month plus your applicable margin. If the One-Month CME Term SOFR Index is negative, it will be deemed to be zero. As of April 28, 2022 the One-Month CME Term SOFR Index rate was 0.74%.

3 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. Refinance loans that are in a deferment or forbearance are not eligible to enroll and receive the automatic payment benefit until they enter into repayment.

4 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.