Consolidating a private student loan
Variable rates from 2.570% APR to 6.980% APR (with Auto Pay).Interest rates on variable rate loans are capped at either 8.95% or 9.95% depending on term of loan.APRs for variable rate loans may increase after origination if the LIBOR index increases.The So Fi 0.25% Auto Pay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account.Our detailed reviews of the best student loan refinance companies can help you better compare your options to ensure you find the lowest rate, friendly repayment terms, and more.The best lenders listed below are determined by our Editorial Ratings which analyze over 20 data points from 18 refinancing companies.
We help borrowers compare the best refinance and consolidation companies in one place.Unlike hard credit inquiries, soft credit inquiries (or soft credit pulls) do not impact your credit score.Soft credit inquiries allow So Fi to show you what rates and terms So Fi can offer you up front.All of the banks and lenders below allow borrowers to refinance student loans, as well as consolidate them during the process.(Note: When mentioning student loan refinancing throughout this guide, it is implied that consolidation can be a part of the same process.) Both private and federal student loans can be refinanced with a private lender.