We will help you how to find the best refinance offers and providers.
Best Student Loan Refinancing Bonuses
There’s many refinance providers that offer sign-up bonuses. To qualify for most them, you’ll need to complete the eligible requirements:
- Apply with a unique referral link.
- Meet approval standards.
- Finalize the refinancing process within the required deadline, if any.
Here are our top picks:
| LENDER | BONUS |
| SoFi | Get $300 after your loan is funded |
| Splash Financial | Get $200 after you refinance $30k or more |
| Education Loan Finance (ELFI) | Up to $1000 bonus |
| LendKey | Get $200 after your loan is funded |
| Credible | Get $200 after you refinance $30k or more |
| Earnest | Get $200 after you sign your loan |
| Laurel Road | Up to $400 for referrals |
| Citizens One | Get a 0.25% interest rate discount with a qualifying Citizens Bank account. |
Some lenders might reward you with prepayment bonuses, autopay discounts, referral rewards, and other additional perks.
Best Student Loan Refinancing Providers
CommonBond: Best Overall
CommonBond offers refinancing for federal, private, Parent PLUS and previously consolidated loans. The lender can offer you a lower interest rate on student debt which can help you save money int he future.
The best feature is the forbearance period 24-months instead of the usual 12 which is good if you’re not as certain about your financial future.
Why it’s good: excellent customer service, hybrid loan option, borrower protections including long forbearance period and death/disability discharge, loan refinancing, loan transfer to child, career counseling, referral bonus, social promise.
Earnest: Best Overall, Runner-Up
Consider Earnest, if you are looking to refinance your college debt and want to pay it as quick as possible. Get customizable repayment options that super easy to increase your monthly payment. Make extra payments with no penalties.
Other lenders might look at your credit score, but not Earnest they also examine your earning potential and various date from your financial accounts to determine your eligibility. However, if you save money regularly, make payments on time, and you don’t have a lot of credit card or personal loan debt, you’ll get approved.
Why it’s good: easy-to-reach customer support, customized monthly payments, adjustable payment date and amount, unique underwriting criteria.
Sofi: Best Benefits
SoFi, is a good if you’re looking to find a better deal on your student loans. They focus on high earning young professionals with less than stellar credit, approving them when lenders won’t.
They offer career support and wealth management services to their members as well.
Why it’s good: strong customer service, deferment options, unemployment protection, career coaching, wealth management services, parent loan refinancing, reduced payments for medical residents, member networking, referral bonus.
Discover: Best for Borrower Protections
Discover offers many safeguards in place to help borrowers, in the event of a life change or hardship that complicates repayment. Their deferment can pause payments for up to five years, forbearance can suspend payments for up to 12 months and you can opt for reduced payment for up to six months.
Why it’s good: no fees, refinance while you’re still in school, multiple deferment options offered, reduced payment option.
LendKey: Best for Multiple Quotes
LendKey‘s marketplace platform connects borrowers with many credit unions and community banks to refinance your student loans.
Why it’s good: compare multiple offers at once, cosigner release, 30-day money-back guarantee.
College Ave: Best for Flexible Repayment Options
College Ave offers competitive range of loans terms from five to 20 years, so you can work with the one closest to your budget and payment goals.
Why it’s good: pre-qualification, 16 loan term options, higher refinance limit for medical, dental, pharmacy and veterinary degrees, no application, origination or prepayment penalty fees.
PenFed Credit Union: Best for Parents & Cosigner
PenFed provides refinancing of Parent PLUS loans, and it lets you release a cosigner after 12 timely payments.
Keep in mind that you might need to be a PenFed member to apply, it requires opening a savings account with an initial deposit of $5.
Why it’s good: pre-qualification, couples refinancing, parent PLUS loan refinancing, generous cosigner release, in-house loan servicing, member discounts, no application, origination or prepayment penalty fees.
Splash Financial: Best For Married Couples
Splash Financial offers a unique feature that’s helpful to married couples who looking to manage their student debt together. You can choose to combine you and your spouse’s loans into one refinanced student loan OR transfer ownership of student debt from one spouse to another.
What it’s good: couples refinancing, medical residency repayment program, cosigner release, referral bonus.
Laurel Road: Best For Parent, Medical School & Dental School Loan Refinancing
Laurel Road refinances federal and private student loans and offers a special medical school repayment plan catered to health professionals. Additionally, if you are a parent who has taken out loans for your children, you can also refinance with Laurel Road.
With competitive rates, you can also refinance 100% of your student loans, no matter how much they total. Laurel Road offers a tailored solution with flexible terms and limits in order to meet your financial needs.
Why it’s good: high loan amounts, cosigners welcome, borrower protections, reduced payments for medical & dental residents, referral bonus.
Citizens One: Best for No Degree
If you didn’t get to earn a degree, you can refinance with Citizens One. They make it easy to help lower your rate, extend your repayment term and reduce your monthly payment for both federal and private loans.
Why it’s good: degree not required, cosigners accepted, cosigner release, parent loan refinancing, rate discounts.
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