Lower your payments. Lift your possibilities.
It's just three easy steps to apply.
Share basic info to see your potential rates—with no credit impact. 2 Add a cosigner to boost your chance of approval.
Compare options and choose the one that fits best. All offers depend on credit approval.
Upload any needed docs, sign online, and we’ll take care of the rest.
We help you save money and build credit by transferring Parent PLUS loans into your name.
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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.
You want a better rate.
You’re interested in a different loan term.
You want one monthly payment instead of several.
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.
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.
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!
Yes—if the student applies and qualifies, the loan can be refinanced in their name.
Must have obtained a bachelor’s degree or higher or be a state licensed registered nurse.
Must be 18 years old, or 21 years old in Puerto Rico
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.
You can generally refinance anywhere between $5,000 and $500,000 of education loans.
Nelnet Bank offers immediate repayment options ranging from 5 to 25 years. Select the payment that's best for you!
No—pay early or make extra payments anytime without fees.
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.
