Student Loan Refinance

You put in the work. Now reap the rewards.

Check Your Rate

You’ve earned it. Now it’s time to save. See your rate in minutes without affecting your credit score. See Disclaimer

Variable rate

Borrow

Rates as low as

Fixed rate

Borrow

Rates as low as

Rates listed above include an interest rate reduction for eligible applications and enrollment in auto debit. See Disclaimer

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 low 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. See Disclaimer

No Origination Fees

No application, origination, or prepayment fees on Nelnet Bank loans.

Hardship Protection

Hardship forbearance helps protect against unexpected loss of income.

See How Much You Can Save

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

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This 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The lowest interest rate requires a creditworthy eligible borrower, and automatically withdrawn ("auto debit") payments, a five-year repayment term, and borrowers making immediate principal and interest payments.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.

How To Get Started

You’re minutes away from checking your eligibility – and a few short steps away from saving big.

Complete Application

Apply in a few minutes online.

Step 2

Review Loan Offers

Choose the best loan option for you.

Step 3

Accept Loan Offer

Upload documents and accept loan terms.

How do I qualify?

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 have a credit score of 680 or higher.
  • CheckIncome
    You or your cosigner must have at least $36,000 in annual income.
  • 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 Start Saving?

Get Started

Parent PLUS Loans

We help you save money and build credit by transferring Parent PLUS loans into your name.

Learn More

Frequently Asked Questions

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

After you’ve received your prequalified offers, select the loan rate, term, and payment that works best for you. Have your proof of income statements, as well as your loan statements ready to upload. Once those documents are approved and you’ve accepted the loan, you’ll have a three-day window to cancel the loan. After that three-day window, your funds will be sent to your current lender(s) to pay off the loans you elected to refinance. Then you’ll receive a letter from us containing information on repaying your new loan.

Let’s get one thing right out of the way. It is free to apply for a loan with us.

Refinancing a Parent PLUS loan combines this student loan (and other loans the borrower wishes to include) into a brand-new loan – often, with a lower interest rate and/or monthly payment. The new refinanced loan can be in either the student’s name or the parent’s.

All of your federal and private student loans are eligible for refinance. Most borrowers refinance their higher interest rate private student loans. If you refinance federal student loans, you’ll lose federal loan benefits, such as income-driven repayment plans and Public Service Loan Forgiveness. Many people choose to refinance their private student loans and keep their federal student loans to take advantage of the federal student loan benefits.

We can also refinance Parent PLUS loans and transfer them to the student.

It’s always free to check and see if you qualify for a better rate. If you have good credit and a stable job making at least $36,000 annually, you might want to consider refinancing.

Maximum student loan limits:

  • $125,000 for borrowers with an undergraduate degree or below
  • $175,000 for borrowers with a graduate, doctorate, MBA, or law degree
  • $500,000 for borrowers with a graduate health professions degree

The minimum loan amount you can refinance is $5,000.

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.