PMRacing
PMRacing UltraDork
3/15/22 9:15 p.m.

What are the best companies to look for a student loan refinance? We want to do it before interest rates jump. 

Thanks!

classicJackets (FS)
classicJackets (FS) SuperDork
3/15/22 9:20 p.m.

Our employer had partnered with them, but SoFi is a big name I think and had good rates at the time!

Good luck!

Steve_Jones
Steve_Jones Dork
3/15/22 9:21 p.m.

Student loan refis are tough because there is no collateral. Any chance you have a paid off car? If so a car loan against it, then use the proceeds for the student loan is much easier

No Time
No Time SuperDork
3/15/22 9:43 p.m.

You should check with your local credit union. They may have specific offerings for student loan refinance, I know mine does.

I did it through the Credit Union (DCU) a couple years ago with a rate of 3.75%. I just looked and looked heir current best rate is 2.5%.


 

Floating Doc (Forum Supporter)
Floating Doc (Forum Supporter) PowerDork
3/15/22 10:04 p.m.

My wife/CFO just finished transferring mine. She started with Credible, a clearing house.

PMRacing
PMRacing UltraDork
4/2/22 3:30 p.m.

Went through Credible and dropped interest rate by over a half on one set of loans and over a point on the other set.  Thanks for the advice!

z31maniac
z31maniac MegaDork
4/2/22 4:25 p.m.

Do the Feds no longer consolidate their own loans? 

That what I was able to do back in 2006 a few months after I graduated. Was able to refi all the individual semester loans into one at around 1.8%. Maybe 6-7 years it switched to Mohela for servicing, but all the terms remained the same. 

90BuickCentury
90BuickCentury Reader
4/19/23 12:08 p.m.

In reply to Mustacheee :

 

Can I refinance my canoe loan also? I was a double-major in college for international canoeing studies and history of rowing. I minored in ponzi aquatics as well. BS degree from the Pontiac 6000 STE Institute.

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