Alliant Credit Union Student Loan Refinancing Review

Alliant Credit Union Student Loan Refinancing is a student loan refinance offering by Alliant Credit Union, . Founded in 1935, Alliant Credit Union offers student loan refinancing in 50 states (and Washington, DC).

What APRs does Alliant Credit Union Student Loan Refinancing offer on its student refinancing loans?

The range of APRs you qualify for when refinancing a student loan vary widely by lender and will depend on your creditworthiness and the type of loan you choose. Loans with fixed rates will typically have higher APRs than loans with a variable rate. 

Alliant Credit Union Student Loan Refinancing offers variable rate APRs that range from 4.25% to 6.50%.
Borrowers who choose a fixed-rate refinancing loan can expect APRs that range from 4.50% to 7.00% APR.

How much can you borrow via Alliant Credit Union Student Loan Refinancing?

Loan amounts start at $10,000 and go up to $100,000

Does Alliant Credit Union Student Loan Refinancing charge an origination fee?

No, Alliant Credit Union Student Loan Refinancing does not charge a loan origination fee.

A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.

Does Alliant Credit Union Student Loan Refinancing charge prepayment fees?

No, Alliant Credit Union Student Loan Refinancing does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

What terms does Alliant Credit Union Student Loan Refinancing offer?

Alliant Credit Union Student Loan Refinancing provides refinancing loans of 5 to 20 years.

What type of borrowers will Alliant Credit Union Student Loan Refinancing consider?

Alliant Credit Union Student Loan Refinancing considers loans applications from:

• undergraduate students
• graduate students
• undergraduate degree holders
• graduate degree holders

What do you need to qualify for Alliant Credit Union Student Loan Refinancing?

To qualify for student loan refinancing with Alliant Credit Union Student Loan Refinancing, applicants need a minimum annual income of $40,000 or higher. Alliant Credit Union Student Loan Refinancing only considers borrowers who are employed and meet the minimum income requirement. Note that borrowers can add a cosigner to either meet eligibility requirements or qualify for lower interest rates.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Alliant Credit Union Student Loan Refinancing. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Alliant Credit Union Student Loan Refinancing. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

• Loan payoff statements
• Proof of income
• Government issued photo ID
• Proof of identity