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.

Refinance Rates

You’ve earned it. Now it’s time to save. 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.

Variable Rates


Rates Between
7.60% to 14.50%
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Fixed Rates


Rates Between
7.12% to 11.19%
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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.

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Why Refinance a Parent PLUS Loan?

Refinancing your Parent PLUS loan with Nelnet Bank has its perks – here are just a few.

Lower Your Rate

Nelnet Bank offers competitive interest rates – so you may pay less each month.

Build Your Credit

Refinancing a Parent Plus loan in your name may help you build credit for big purchases like a house or car – or whatever you’re planning for next.

Apply in Minutes

It takes less than two minutes to get your new rate estimates.

Parent PLUS Loan Refinance Calculator

Estimate your monthly payment to find the best student loan refi for you.

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Finance Term (Years)
Rate Type

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Monthly Payment

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Three Easy Steps to Refinance Parent PLUS Loans


Complete Application


Review Loan Offers


Choose Your Loan

Am I eligible to refinance?

There are just a few simple eligibility requirements.

  • CheckCitizenship
    You or your cosigner must be a U.S. citizen or have permanent residency status with a valid U.S. Social Security number.
  • CheckGraduation
    You must have graduated with a Bachelor’s degree or higher.
  • CheckLegal Age
    You or your cosigner must be of the age of majority in your state/territory – or be age 18 or older if no state requirement exists.
  • CheckCredit
    You or your cosigner must meet Nelnet Bank’s credit criteria.
  • CheckIncome
    You or your cosigner must meet Nelnet Bank’s annual income criteria.
  • CheckCosigner
    A cosigner isn’t required, but may help you meet credit or qualify for a better rate.

What do I need to get started?

Once you’re pre-qualified, you’ll need to upload some documents to verify income and help us pay off your old loans.

  • CheckYour Most Recent Student Loan or Payoff Verification Statement
    If you have multiple student loans, no problem – just send us one for each.
  • 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.

Ready to Get Started?

Apply Now

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.

Have questions about student loan refinancing? If we haven’t answered your questions below, contact us – that’s why we’re here.

No. To refinance a Parent PLUS loan, only the student needs to apply.

No – in fact, we don’t believe in application and origination fees.

Either a parent or benefitting student can refinance Parent PLUS loans. You'll need a valid U.S. Social Security number, be of the legal age of majority in your permanent state/territory of residency, have an annual income of at least $36,000, have graduated with a Bachelor’s degree or higher, and meet our minimum credit standards. If you don’t meet these requirements, you’ll need a cosigner who does.

Parents who refinance their Parent PLUS loan may benefit from lower interest rates or monthly payments with a Nelnet Bank student loan refinance. For those students who may be making payments already and are willing to assume responsibility for a Parent PLUS loan taken out by a parent on their behalf, there are benefits. The new loan releases the parent from responsibility for the loan. Their new loan may also have lower interest rates or monthly payments, so they may save money.

Parents may refinance Parent PLUS loans in their own name or that of their student. Nelnet Bank refinance loans are useful for students who wish to assume responsibility for Parent PLUS loans taken out by their parent for their education. In this case, the student will need to start the process by applying and meeting credit requirements (parents can still cosign the refinanced loan if the student isn’t able to meet them).

Refinancing a Parent PLUS loan combines your Parent PLUS loan (and any other loans the student has) into a brand-new loan – often, with a lower interest rate and/or monthly payment. The new refinanced loan will be in the student’s name, not the parent’s.

Yes. However, before you refinance federal student loans, make sure you understand the benefits you can lose.

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