Refinance Your Student Loans

Refinancing an existing student loan with College Ave can seriously reduce your monthly payments and even the total cost of your loan.1

Variable Rates

6.99% - 11.99% APR

Fixed rates icon

Fixed Rates

6.99% - 11.99% APR

(all rates shown include auto-pay discount)2

Get My Rate in 1 Minute

Don't worry - checking your rate won't impact your credit score

The Secret to Saving Thousands on Your Student Loans: Student Loan Refinance

While borrowers frequently refinance debt like mortgages or car loans, many people do not realize there are student loan refinance options as well. Student loan refinance options are more accessible for borrowers than ever before.

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We Offer Major Help And Minor Stress

We’ll help guide you through the process to find the best student loan refinance term and interest rate for you and your budget.

Calculate Your Savings
FF

Francisco F.

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Very satisfied customer

I'm very happy with College Ave. They are very helpful, precisely and they really work with you. And is true when they tell you, you can get approved I three minutes. Another thing when you called them they are there for you and they answered any questions you have.

AR

Andrew R.

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Fast and comprehensive

Everything was easy to fill out and the interface made all the technical stuff make more sense. Overall a good experience so far!

KS

Kristen S.

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College Ave customer service is great.

College Ave made the loan process easy. They communicated every step of the way and included weekly status updates. They have several loan options and were competitive on interest rates.

SEE ALL REVIEWS
diverse group of people
Rates & Repayments

Make Your Payments Work For You

Is anyone ever happy with “one-size-fits-all”? We don’t think so. Everyone has their own personal budget and goals. With us, you can explore our student loan refinance rates without impacting your credit score. Then, you choose the student loan refinance term that works best for you. Refinance student loan amounts as low as $5,000.2

Rate Options

Fixed Rate

Interest rate does not change for the life of the loan

Keypoints
  • Fixed interest rate will not increase or decrease
  • You know payment amount and total cost up front
Variable Rate

Interest rate changes based on changes to a market index (e.g., SOFR)

Keypoints
  • Variable interest rate is likely cheaper to start, you should consider your personal tolerance for the risk that it could go up (or down)
  • You benefit if the interest rate index remains the same or decreases

Super-Flexible Terms

We'll help you choose how many years you take to pay back your refi loan so you can be confident that your loan is working for you.

Save more
Save More Overall

Save on total interest but make bigger monthly payments

  • Between 5 and 15 years3
Pay Less
Pay Less Monthly

Make smaller monthly payments but pay more in interest overall

How We Compare With Other Lenders

Lenders

College ave student loans
sofi
citizens-bank
earnest
Fixed and variable rates
Yes
Yes
Yes
Yes
Application fees
No
No
No
No
Choice of loan terms (how long you take to repay)
11
5
5
16

Comparisons based on information obtained on the lenders' websites as of September 13, 2023.

College ave student loans

Fixed and variable rates

Yes

Application fees

No

Choice of loan terms (how long you take to repay)

11

sofi
Yes
No

5

citizens-bank
Yes
No

5

earnest
Yes
No

16

Comparisons based on information obtained on the lenders' websites as of September 13, 2023.

Student Loan Refinancing FAQs

  • Which student loans should I refinance?

    A good rule of thumb is to refinance high-interest student loans. Federal student loans have unique benefits that only apply to federal loans. You will forfeit any of those exclusive federal benefits if you refinance your federal student loans with a private lender. Both your federal and private student loans are eligible to be refinanced into one simple, monthly payment.

  • Is it cheaper to refinance student loans?

    Generally speaking, the more student debt you have, the more money you can potentially save by refinancing your student loans. Student loan refinancing will only save you money if you qualify for a lower interest rate or choose a shorter repayment term.

  • Does refinancing student loans hurt your credit?

    Refinancing is taking out a new loan to pay off your existing student loans. During the application process, the lender will assess your credit with a "hard inquiry" which may temporarily lower your credit score. Your credit score should rebound. In the long-run continuing to make on-time payments will help improve your credit score.

  1. The 0.25% auto-pay interest rate reduction applies as long as the borrower or cosigner, if applicable, enrolls in auto-pay and authorizes our loan servicer to automatically deduct your monthly payments from a valid bank account via Automated Clearing House (“ACH”). The rate reduction applies for as long as the monthly payment amount is successfully deducted from the designated bank account and is suspended during periods of forbearance and certain deferments. If a payment is returned, you will lose this benefit.
  2. $5,000 is the minimum requirement to refinance. The maximum loan amount is $300,000 for those with medical, dental, pharmacy or veterinary doctorate degrees, and $150,000 for all other undergraduate or graduate degrees. Information advertised valid as of 09/01/2023. Variable interest rates may increase after consummation.
  3. This informational repayment example uses typical loan terms for a refi borrower with a Full Principal & Interest Repayment and a 10-year repayment term, has a $40,000 loan and a 5.5% Annual Percentage Rate (“APR”): 120 monthly payments of $434.11 while in the repayment period, for a total amount of payments of $52,092.61. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.