To provide more complete comparisons, the site features products from our partners as well as institutions which are not advertising partners.While we make an effort to include the best deals available to the general public, we make no warranty that such information represents all available products." Are you tired of paying a high interest rate on your student loan debt?Below is what we believe is the most comprehensive list of current student loan refinancing lenders. FICO says there is little to no impact on your credit score for rate shopping as many providers as you’d like in a single shopping period (which can be between 14-30 days, depending upon the version of FICO).
We typically recommend fixing the rate as much as possible, unless you know that you can pay off your debt during a short time period.
If you think it will take you 20 years to pay off your loan, you don’t want to bet on the next 20 years of interest rates.
Once you refinance, you may lose flexible Federal payment options that can help you if you genuinely can’t afford the payments you have today.
Check the Federal loan repayment estimator to make sure you see all the Federal options you have right now.
If you go to other sites they may claim to compare several student loan offers in one step.
Just beware that they might only show you deals that pay them a referral fee, so you could miss out on lenders ready to give you better terms.
You can see the full list of lenders below, but we recommend you start here, and check rates from the top 4 national lenders offering the lowest interest rates.
These 4 lenders also allow you to check your rate without impacting your score (using a soft credit pull), and offer the best rates of 2017: If you are in financial difficulty and can’t afford your monthly payments, a refinance is not the solution.
Instead, you should look at options to avoid a default on student loan debt.
This is particularly important if you have Federal loans.
If there is an origination fee, you need to make sure that it is worth paying.