Student Loan Refinance
Save your hard-earned cash with student loan refi options from Nelnet Bank See Disclaimer
Check Your Rate
See your rate in minutes without affecting your credit score.
Federally-held student loans have a suspension of payments and a temporary interest rate of 0% until the U.S. Department of Education is permitted to implement the debt relief program or the litigation is resolved. Payments will restart 60 days later. If the debt relief program has not been implemented and the litigation has not been resolved by June 30, 2023 – payments will resume 60 days after that. We will notify borrowers before payments restart. Visit StudentAid.gov/coronavirus for updates. If you refinance these loans, you will no longer qualify for this relief or other federally-held loan benefits. Carefully consider your options before refinancing federally-held loans.
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.
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. See Disclaimer
No Origination Fees
No application, origination, or prepayment fees on Nelnet Bank loans.
Hardship forbearance helps protect against unexpected loss of income. See Disclaimer
How To Get Started
You’re minutes away from checking your eligibility – and a few short steps away from saving big.
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.
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 must be the legal age to enter into binding contracts in your state/territory of residency, or be at least 17 years of age and apply with a cosigner who is at least the age of majority in their state/territory.
You or your cosigner must have a credit score of 680 or higher.
- If you are qualifying on your own, you must earn at least $36,000 in annual income.
- If you have a cosigner, the cosigner must earn at least $36,000 in annual income.
A cosigner isn’t required, but may help you meet credit or qualify for a better rate.
What do I need to get started?
- 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.
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.
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.
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