1-800-555-TREE (1-888-281-6836)

Refinance student loans today and save an average of $14,417

Our lenders have helped thousands of people save money on their student loans. They're here for you.

  • Fixed Rate APR
  • 3.25%-7.26% ^
  • Variable Rate APR
  • 2.43%-5.97% ^
  • Loan Terms (Yrs.)
  • 5, 7, 10, 15, 20
  • Fixed Rate APR
  • 4.65%-7.50% *
  • Variable Rate APR
  • 3.88%-6.88% *
  • Loan Terms (Yrs.)
  • 5-15
  • Fixed Rate APR
  • 3.375%-6.740% 1
  • Variable Rate APR
  • 2.575%-6.500% 1
  • Loan Terms (Yrs.)
  • 5, 7, 10, 15, 20
  Privacy secured  |  Advertising Disclosures


Did you know you can refinance student loans and save on average $14,417 over the course of your loan? Our lenders offer a variety of options aimed at saving you most money they can.

Required Documents

You’ll likely need a picture of your driver’s license, paystub, and a screenshot of your current student loan. Our lenders make it easy by simply uploading pictures.

Borrower Profile

If you have a Bachelors, Masters, or PhD, you are eligible to refinance student loans. Lenders generally work with individuals with good credit and who are currently employed.

Refinance student loans in three quick steps

1. Apply online

It takes just a few minutes to apply online.

2. See your savings

Just a few questions to see how much you can save.

3. Finish application

Our lenders will get back to you in as little as a day.

Understanding student loan refinance

Student loan debt in the U.S. is one of the hottest topics in the news today. Unfortunately, there are some pretty mind-boggling statistics:

  • In 2016, student loan debt surpassed credit card debt in the nation with borrowers owing more than $1.3 trillion in educational loan debt.
  • 13 percent of borrowers defaulted on their federal student loans within the first two years of repayment.
  • And, an unfortunate and troubling side effect: this crushing student loan debt is limiting the housing recovery’s momentum by undermining an entire generation of potential buyers.
  • If you’re one of the 53 million borrowers looking for student loan debt solutions, you’re far from alone. However, there are options. Student loan refinancing is currently available to help ease the burden of repayment.

    Student Loan Refinance variable interest rates as low as 2.43% APR!

How does a student loan refinance work?

Do you feel trapped to your student loan payments? Are your high monthly payments preventing you from living your life? If so, refinancing your student loans can be a great way to lower your interest rate and reduce your monthly payment.

You can refinance both your federal student loans and your private student loans through a private lender, such as a bank or one of the lenders offered by LendingTree. Refinancing your loans will combine all of them into one loan with one monthly payment. Your interest rate will be based off of your credit score, so if it’s higher than when you first applied, you should score an incredibly low rate. To help determine if refinancing is right for you use our student loan refinancing calculator.

If you’re planning on taking advantage of federal loan forgiveness programs, you may not want to refinance your federal loans. Refinancing your federal student loans will disqualify you from any forgiveness programs. However, if you are ineligible for loan forgiveness, a student loan refinance is the best way to lower your payments.

Reasons to refinance your student loans

Why refinance your student loans? For one, student loan refinance is a form of debt relief and can help ease the burden of your debt load and provide solutions to several issues that make it difficult to pay off your loans. If you feel trapped by your student loan debt and finances are tight, there are several factors that might motivate you to refinance student loans.


One new single loan

If you have several student loans with different interest rates, you can consolidate everything into one loan with one interest rate when you refinance. Juggling multiple student loan payments can be difficult to keep up with, especially when you have multiple lenders. Not to mention, some student loan servicers buy and sell loans, so you could wind up paying different lenders than the original servicer that you used.

Student loan refinancing will allow you to have all your student loans in one place so you can be more organized and track your progress better.


Lock in a lower interest rate

One of the best solutions refinancing can provide is a lower rate on your student loans. If you have good credit and a stable monthly income, you can apply to refinance your loans in an attempt to get a much lower interest rate than the one you currently have. This is a wise option, especially if you have high-interest private student loans. With a lower interest rate, you can pay less on your loans overall since more of your payment will go toward the principal balance.

Let’s say you have $40,000 of student loan debt at a 6.3% interest rate. You would have a minimum monthly payment of $450 and with a 10-year standard repayment plan, you’d be paying a total of $14,016 in interest. If you refinanced your loans and lowered your interest rate to 3.5%, it would lower your monthly payment to $396 per month and you’d only pay $7,465 in interest over the life of your 10-year term. In this case, a student loan refinance would act as a solution to help you save $6,551 in interest payments over a 10-year term along with $660 in minimum payments annually.

When considering refinancing, it’s important to run the numbers and compare your options beforehand to make sure this solution will actually help you pay off your loans faster and/or save more money over the life of your term.


Lower your monthly payment

If your minimum student loan payment is too high, it could have a negative effect on your current lifestyle, making it difficult to pay your rent, pay for food, or cover other living expenses. As shown in the example above, refinancing can lower your interest rate and your monthly payment.

Also, when you refinance student loans, you can extend your loan term and lower your monthly payments. However, with this option, you may be paying more interest over the life of the loan if you don’t pay it off early since you’ll have a longer term.


Repay your loans faster

Another reason you might want to consider refinancing your student loans is in order to help you pay off your debt faster. The sooner you are able to relieve yourself of student loan debt, the better. If you’re able to secure a lower interest rate by refinancing, you may be able to shorten your term and pay off your loans sooner. However, keep in mind that shortening your student loan term often means your monthly payments will increase.

Paying off your student loans faster saves you more money now and in the future because you can cut out thousands of dollars in interest payments that you would have paid for with a longer loan term.

Student Loan Refinance Calculator