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.
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.
Lowest rates listed above include an interest rate reduction for eligible applications, 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.
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.
Three Easy Steps to Refinance Parent PLUS Loans
Review Loan Offers
Choose Your Loan
Am I eligible to refinance?
There are just a few simple eligibility requirements.
You or your cosigner must be a U.S. citizen or have permanent residency status with a valid U.S. Social Security number.
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.
You or your cosigner must meet Nelnet Bank’s credit criteria.
You or your cosigner must meet Nelnet Bank’s annual income criteria.
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.
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.
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