Parent Plus Loan Refinance
Transfer PLUS Loans. Save Money. Build Your Credit. See Disclaimer
Making payments on Parent PLUS loans? By refinancing these loans, you could get a competitive interest rate – and build your credit. You’ve got plans and this will help you get there.
Check Your Rate
See your rate in minutes without affecting your credit score. See Disclaimer 1
Please be aware, refinancing your federally-held loans will disqualify them for any federally-held loan benefits such as potential debt forgiveness and income-driven repayment. Carefully consider your options.
Displayed rates are accurate as of February 1, 2025 and may be different at the time you apply.
Lowest rates listed above include an interest rate reduction for enrollment in auto debit, and are available only to the most creditworthy applicants. Advertised variable rates reflect the starting range of rates and may increase over the life of the loan.
Give Your Life’s Journey a Jump-Start
If you’re ready to put student loans in your rearview mirror, Nelnet Bank student loan refinancing offers competitive rates and flexible terms to help you start getting ahead.
Auto Debit Savings
We’ll knock .25% off of your interest rate when you enroll in auto debit.
No Origination Fees
No application, origination, or prepayment fees on Nelnet Bank student refinance loans.
Payment Assistance Programs
Our programs can help if you are struggling to make payments.
Parent PLUS Loan Refinance Calculator
Estimate your monthly payment to find the best student loan refi for you.
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How To Get Started
You’re minutes away from checking your eligibility – and a few short steps away from potential savings.
Complete Application
Apply in a few minutes online.
Review Loan Offers
Choose the best loan option for you.
Accept Loan Offer
Upload documents and accept loan terms.
How do I qualify?
There are just a few simple eligibility requirements.
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CheckCitizenship
You or your cosigner must be a U.S. citizen or have permanent residency status with a valid U.S. Social Security number.
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CheckGraduation
You must have graduated with a Bachelor’s degree or higher, or be a state licensed registered nurse.
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CheckLegal Age
You or your cosigner must be 18 years old, or 21 years old in Puerto Rico.
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CheckCredit
You or your cosigner must meet Nelnet Bank’s credit criteria.
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CheckCosigner
A cosigner isn’t required, but may help you meet credit criteria or qualify for a better rate.
What Do I Need to Get Started?
Once you’re pre-qualified, at a minimum you’ll need to upload some documents to verify income and help us pay off your old Loans.
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CheckYour most recent student loan or payoff verification statement
If you have multiple student loans, no problem – just send us one for each.
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CheckProof of Income
If you’re employed, two recent pay stubs work best. If you have other income, we’ll instruct you on the proper documentation.
A Note About Student Loan Refinancing
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.
1Checking your rate results in a soft credit pull, which will not affect your credit score. If you continue with your application, Nelnet Bank will request your permission to obtain your full credit report from one or more consumer reporting agencies. This is a hard credit pull and may affect your credit score. back
2This calculator is intended for informational purposes only and accuracy is not guaranteed. Actual loan terms will be based on your application and credit report.
The lowest interest rate requires a creditworthy eligible borrower, and automatically withdrawn (“auto debit”) payments, a five-year repayment term, and borrowers making immediate principal and interest payments. Not all borrowers will receive the lowest rate.
Your actual savings, if any, may vary based on interest rates, balances, remaining repayment terms and other factors. Refinancing to a longer term may lower your monthly payments, but may also increase the total interest paid over the life of the loan. Refinancing to a shorter term may increase your monthly payments, but may lower the total interest paid over the life of the loan. back