Student loan refinancing companies tend to have stricter eligibility terms, so before you go through the hassle of applying, do your research regarding the eligibility requirements for each lender.
To make your decision even easier, we've built a table comparing the rates on federal loans over the past 10 years with the rates currently being offered
by student loan refinance companies.
Whether you're in the process of looking
for student loan refinance companies or have just found out about the benefits of refinancing, we've put together a list of things you should know and consider before you make a definitive decision.
Just six years after
student loan refinancing company SoFi splashed on the scene, it is now one of the nation's largest fintech companies, funding $ 14 billion in refinanced student loans, personal loans, and mortgages to date and boasting savings to its members to the tune of $ 1.45 billion.SoFi started off refinancing student loans for qualified student -LSB-...]
Since many online
student loan refinance companies only offer refinancing in a limited number of states, this also expands the pool of potential borrowers who could benefit from ELFI loans.
Earnest is on this list because it's one of the most
flexible student loan refinancing companies - they offer the ability to pick any monthly payment and term between 5 to 20 years — saving you more than standard rates and terms.