Refinancing Your Student Loans Could Save You Thousands

Lowering your rate could result in big savings in interest over the course of the loan. Plus, many companies offer a cash bonus just for being a new customer.

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Student Loan Refinance Calculator

Learn the Top Reasons to Refinance, types of interest rates, and how to find a reputable company


THE podcast

Check out these episodes for a detailed discussion about refinancing your student loans


Before You Refinance Make Sure...

You Choose a Reputable Company

Unfortunately, several companies have been found guilty of running student loan scams and have very questionable practices. Before you refinance, make sure the company is not on Nerd Wallet’s watch list. You can also check out the Better Business Bureau (BBB) for ratings, reviews and complaints.

No prepayment penalty

The longer you pay back your loans the more money companies make in interest. However, if you want to be aggressive and pay off your loans quickly there should be no penalty.

No Origination Fee

There should be no fee to you for refinancing your loans. In fact many companies offer cash bonuses for your business. See YFP exclusive offers below.

You Don't Refinance Low Interest Loans

You may have multiple outstanding loans with different interest rates but you can pick and choose which ones to refinance. Therefore, don’t refinance any loans that would result in a higher interest rate.

You're Not Pursuing PSLF

Once you refinance your loans outside of the Department of Education you are no longer eligible for the Public Service Loan Forgiveness Program.

Check out these companies to find the best interest rate.

  • No Origination Fee
  • No Prepayment Penalty
  • Loan Discharged on Death or Disability
    (For Lendkey this is dependent on lender)

Checking your rate will not affect your credit score.

If you refinance using one of the links below we'll both get a bonus. We take just a small amount to make sure you get the highest bonus possible.