Best Student Loan Refinancing Company
Students today are faced with a lot of student loan debt. According to Fortune, the average Class of 2019 graduate has $28,400 in student loan debt. That’s up from $27,975 for the Class of 2018 and $26,600 for the Class of 2017—those figures include federal loans as well as private ones (such as those offered by Santander Bank). The good news is that there are plenty of companies out there looking to help graduates refinance their student loans.
Earnest is a student loan refinancing company that helps borrowers refinance their student loans to lower interest rates. Earnest is one of the best companies for providing excellent customer service, earning an A+ rating from the Better Business Bureau (BBB). The company also has a good interest rate and repayment term.
The company offers competitive rates, but some customers have reported problems with their application process or receiving payments from their lender.
SoFi is a student loan refinancing company. They help borrowers refinance their student loans and consolidate them into one loan, making it easier to pay off. SoFi is not a government program and they are a private lender with a great reputation for customer service.
LendKey is a student loan refinancing company. It helps borrowers learn more about their options and makes it easier to compare student loans.
Borrowers who are looking to refinance their student loans will likely find LendKey to be a good choice, as it offers low interest rates along with low origination fees.
Laurel Road is a student loan refinancing company that offers a wide range of options for borrowers. Laurel Road provides the following features:
- A variety of repayment plans, including payment plans divided into affordable monthly installments and deferred payment programs
- Refinancing options to lower interest rates, helping you save money on interest payments over time
- Specialized debt relief options if you have other types of loans such as auto loans or mortgages
College Ave Student Loans
College Ave Student Loans is a private lender that offers the lowest rates on student loans. Students with excellent credit can benefit from College Ave Student Loans’ fixed interest rates, and there are several repayment options to choose from.
The company’s website says it will fund all types of federal loans for undergraduates at accredited schools. The company also provides a list of schools that have been approved by the US Department of Education for eligibility to receive funds through College Avenue Student Loans.
College Avenue Student Loans handles all aspects of their service online, including applications and document uploads through their secure site, so you don’t have to worry about mailing documents in or making trips back-and-forth between your local branch and college campus.
Looking for a lender to refinance your student loans? Here are a few to consider.
You can refinance your student loans, but what does that mean? Refinancing is when you get another loan to pay off the remaining balance of a previous one. In other words, you’re taking out a new loan with better terms and conditions in order to pay off all of your old ones.
In addition to saving money on interest and reducing monthly payments, some lenders allow you to get a better rate or term or repayment plan than what was available when they were first issued. By refinancing into one of these types of loans, you could save thousands over the life of your loan!
College students, get out of debt and start earning your degree! If you have a college loan and want to refinance it for better terms, we can help. We’ve put together a list of the best student loan refinancing companies so that you can find the perfect lender for your needs.