Laurel Road Student Loan Refinancing

Laurel Road Student Loan Refinancing Review

Laurel Road Student Loan Refinancing is a student loan refinance offering by Laurel Road, . Founded in 2006, Laurel Road offers student loan refinancing in 50 states (and Washington, DC).

Laurel Road Student Loan Refinancing FAQ

What APRs does Laurel Road 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. 

Laurel Road Student Loan Refinancing offers variable rate APRs that range from 1.99% to 6.65%.
Borrowers who choose a fixed-rate refinancing loan can expect APRs that range from 3.5% to 7.02% APR.

How much can you borrow via Laurel Road Student Loan Refinancing?

Loan amounts start at $5,000 and go up to $50,000

Does Laurel Road Student Loan Refinancing charge an origination fee?

No, Laurel Road 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 Laurel Road Student Loan Refinancing charge prepayment fees?

No, Laurel Road 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 Laurel Road Student Loan Refinancing offer?

Laurel Road Student Loan Refinancing provides refinancing loans of 5 to 20 years.

It also offers borrowers unemployment protection. This means that if you lose your job through no fault of your own your loan payments may qualify for a temporary hold.

What type of borrowers will Laurel Road Student Loan Refinancing consider?

Laurel Road Student Loan Refinancing considers loans applications from:

• undergraduate degree holders
• graduate degree holders
• parents of graduates

What do you need to qualify for Laurel Road Student Loan Refinancing?

Laurel Road Student Loan Refinancing does not have or does not disclose a minimum annual income eligibility requirement. Laurel Road Student Loan Refinancing will consider borrowers regardless of their employment status if they can prove their ability to repay their obligations.

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 Laurel Road Student Loan Refinancing. Their rates fall within the limits of The Military Lending Act.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Laurel Road Student Loan Refinancing.

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

• Proof of income
• Proof of citizenship or residence permit