Best Student Loan Refinancing Companies in 2017

The class of 2016 graduates have the most debt in U.S. history. More than 41 million Americans owe more $1.2 trillion in student debt. Even worse, over a quarter of student loans are delinquent. (Source) The state of student debt is grim. But what can you do to save money on your student loans?

You can save thousands of dollars by refinancing your student debt for a new loan with lower interest rates and better terms. The problem is that most graduates hate banks. Seventy-one percent of Millennials would rather go to the dentist than listen to what banks are saying. (Source) So we are keeping things simple.

To save you time, SuperMoney has reviewed the best online student loan refinancing companies. We have also partnered with LendKey, a student loan refinancing marketplace that connects borrowers with more than 300 credit unions and community banks.

Best student loan refinancing companies

Fill out one form and LendKey LendKey can match you with the credit union or community bank with the lowest-cost refinancing loan available. Once you have a list of candidates, use SuperMoney’s student loan comparison database to check expert and consumer reviews of each lender.

Featured Student Loans

Lending PartnerAPR Range 
3.35% – 6.74% APR (with AutoPay)
2.615% – 6.54% APR (with AutoPay)
Variable: as low as 2.52%*

Fixed:as low as 3.25%*

Variable: 2.56% – 6.73%*

Fixed: 3.37% – 6.99%*

Variable APR (Refinancing): 2.82% – 6.19%*
Fixed APR (Refinancing): 3.35% – 6.39%*
Variable APR: 2.81% – 10.24%*
Fixed APR: 4.45% – 11.76%*


When building our top picks for best student loan refinancing companies we focused on the following features:
– Low Rates
– Origination fees
– Prepayment penalties
– Selection of loan types
– Flexible terms
– Eligibility Requirements
– Accepts federal and private loans

Who should refinance their student loans?

Borrowers who are locked in high-interest loans should consider refinancing. Let’s say you have a $100,000 student loan with a 10-year term and a 6% APR. If you refinance it for a 3% APR loan, you would save $17,352 ($144.6 a month) over the life of the loan.

The catch is, only borrowers who have good credit, stable incomes, lucrative careers, or co-signers will qualify for the best rates.

Shop around, compare, and negotiate to find the best deals available. SuperMoney’s student loan comparison engine makes it easy to compare terms and see what other borrowers think of lenders.

Compare Best Student Loans