Banks That Offer Student Loan Refinancing

Before choosing one shop around and compare your offers.

Banks that offer student loan refinancing. Please compare your current benefits with this program to ensure any loss of existing benefits is fully understood. Several lenders make it easy to get an instant rate quote online with no impact on your credit score. Bank of america doesn t refinance student loans but many lenders do. Variable interest rates as low as 2 49 percent are available.

Here s what you should know about bank of america student loan refinancing. Citizens bank offers student loan refinancing for borrowers who need to refinance up to 500 000 in student loans. To qualify with any refinance lender. While bank of america student loans and student loan refinancing are not directly available the bank does offer a few solutions that can be used to manage student loan debt.

We recommend that all customers with federal student loan debt carefully consider their options before refinancing with a private student loan. A new private company typically a bank credit union or online lender pays off the student. Check multiple student loan refinance offers to find the lowest interest rate possible. You don t need to have a degree to qualify and you have the option of applying with a cosigner to get a better deal.

College ave student loans stands out from other banks offering student loan consolidation refinance programs by offering 11 different loan terms more than double what other banks offer. Student loan refinancing can mean big savings in the right circumstances. Many lenders offer student loan refinancing from traditional banks to credit unions to online lenders. In addition federal student loans offer deferment forbearance and loan forgiveness options that may not be available under a pnc education refinance loan.

Customers can choose a variety of terms from five to 15 years and there is no prepaying penalty. It does offer a 0 50 rate discount for any student loan refinance borrowers who set up automated payments from a checking or savings account larger than the 0 25 autopay discount that other. On august 8th the president signed an executive order continuing the pause on monthly payments and interest on federal student loans until the end of the year.