Student Loan Refinancing Will Be Back. We Promise.
We know refinancing your student loans can mean real savings. We're not walking away from that—just taking a moment to make the experience even better.
Welcome UBT Customers
UBT, a Nebraska-based, family-owned bank has partnered with Nelnet Bank to help families create educational opportunities.
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Frequently Asked Questions
What are the benefits to refinancing student loans?
Lower rate: Refinancing may allow you to qualify for better rates.
Change payments: Extend your term to reduce monthly payments or shorten your term to pay off faster and save on interest.
Simplify repayment: Combine multiple loans into one.
When should you refinance your student loan(s)?
You want a better rate.
You’re interested in a different loan term.
You want one monthly payment instead of several.
Can I refinance without a cosigner?
Yes—if you qualify on your own. A cosigner isn’t required, but adding one may help you get a lower rate. Refinancing can also be used to remove a cosigner from an existing loan, transferring responsibility for repayment to the primary borrower.
Which loans are eligible?
Federal (Direct and Federal Family Education Loan Programs) and private student loans can be refinanced with Nelnet Bank. Note: Understand and evaluate the various features and benefits of your current loans, and any potential benefits that may be lost by refinancing federal and private education loans, such as the loss of any remaining grace periods. Learn more about what to take into consideration when refinancing federal student loans with private education loans.
Do I have to refinance all of my student loans?
You can refinance one, some, or all of your loans. Tip: Many borrowers refinance only their higher-interest loans and keep lower-rate loans with their current lender. It’s up to you!
Can I refinance a Parent PLUS loan into the student's name?
Yes—if the student applies and qualifies, the loan can be refinanced in their name.
Who is eligible to refinance?
Must have obtained a bachelor’s degree or higher or be a state licensed registered nurse.
Must be of sufficient age to enter a binding contract in their state of residence or territory.
Must be the borrower or cosigner on the loan(s) to be refinanced (the benefiting student on a Parent PLUS loan can also refinance that loan type).
Must meet Nelnet Bank’s credit criteria.
How much can I refinance?
You can generally refinance anywhere between $5,000 and $500,000 of education loans.
Which repayment plans are available?
Nelnet Bank offers immediate repayment options ranging from 5 to 25 years. Select the payment that's best for you!
Do you charge a fee for paying loans early or making extra payments?
No—pay early or make extra payments anytime without fees.
How do I apply?
It only takes a few minutes to check your rate, and doing so won’t impact your credit score.* If you like your rate, you can complete the full application quickly online. *Completing a full application will require a hard credit check and may impact your credit score.
Have additional questions? Contact us!