Having issues paying your student loans? Refinancing can help you bring down the cost of your loans. Which refinancing programs work the best? We look at the top student loan refinancing services to help you find the best one for you.
|Rank||Refinancing Service||Best For||Interest Rate||Rating|
|1||Credible||Overall Refinancing||3.5% and up||★★★★★|
|2||Earnest||Low Rates||2.49% and up||★★★★★|
|3||SoFi Loans||Excellent Credit||4.25% to 7.75%||★★★★★|
|4||Upstart||Recent Graduates||8.36% to 29.99%||★★★★|
|5||LendKey||Lender Options||2.53% and up||★★★|
Best For: SoFi is best for people looking to refinance their student loans. Since the company offers loans to lower credit (650 and up), it makes these loans accessible to more people.
Interest rates: Rates vary depending on the type of loan. Typical student loan refinancing rates: Fixed, 4.25 percent to 7.75 percent APR and variable, 2.97 percent to 6.15 percent APR.
Loan types: SoFi offers student loan refinancing, which they’re best known for, but they also offer the student loans themselves, plus mortgage and personal loans as well.
Unemployment protection: A great feature from SoFi is 12 months of protection from having to repay the loan if you lose your job.
Customer Service: Great customer service. Plus, SoFi is well known for making loans accessible to a wider range of people.
Advertising Disclaimer: CreditReviews does receive compensation for some of the services that we recommend, although we only recommend services that we truly believe are the best.