Top Student Loan Refinancing Companies Available

Student loan refinancing has been a major concern for a majority of students today, particularly those who are graduating from colleges. To refinance a student loan means paying off your old loan, and creating a new debt at an affordable interest rate. Today, students can consolidate private and federal loans and refinance them together. Numerous types of student loan refinancing exist on the market today providing refinancing facilities with the rate of interest of 1.9 percent and the repayment period ranging from five years to twenty-five years.

You can consolidate and refinance PLUS loans, Perkins, Stafford, and almost all types of student loans. Here are the top companies available on the market to offer the best refinancing packages for you:

Top student loan refinancing companies


This refinancing institution began in 2011 as a Social Finance. Currently, it is one the best student loan consolidation and refinancing organization helping numerous students with education debts to reduce the total cost of their loans as well as their monthly repayment. It provides rates of interest as low as 2.13 percent and 3.5 percent for variable and fixed rates respectively.

SoFi offers between five and twenty years repayment period giving you a flexible way of repaying your loan. Moreover, it has some benefits to its members including free membership, resume review, interview coaching, career support, and unemployment protection among others. Since its inception, it has helped students refinance over six billion US dollars while saving over $14,000 in the process.

Citizen Bank

The second best refinancing facility is the Citizen Bank, which has over 1,100 branches to assist students with their consolidation and refinancing process. It hnjm2w3ed5t2e6dy27u392has created a division known as the education finance dedicated to handling the education refinance loan for students willing to manage their loan repayment better. It offers 2.17 percent and 4.74 percent for variable and fixed interest rates respectively. It has helped their student customers to save over $1,764 every year through their refinancing platform. It also provides between five and twenty years repayment period for both private and federal loans.


This is one of top student loan refinancing companies. Earnest is growing rapidly to offer competitive products to students and other customers. It has rates of interest as low as 1.9 percent, which has helped every qualified student to save over $17,936 so far through their model. This average saving is the highest so far recorded on the market. Earnest’s repayment period ranges from five, ten, and fifteen, to twenty years. It also allows parents to refinance loans for their children’s college education. The process of approval only takes a few minutes.