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Refinance Student Loans

Reward yourself with savings.

You worked hard for your degree. Refinancing your student loans with Laurel Road can help you rest on those laurels by reducing your student loan rate. We save our customers $20,000 on average over the life of their student loans1. Get started by checking your rates today—with no impact to your credit score!

Check My Rates

Laurel Road is a Top Rated Lender by

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Term
5 year
7 year
10 year
15 year
20 year
Fixed APR
3.50%—5.55%
4.00%—6.00%
4.30%—6.40%
4.60%—6.80%
5.05%—7.02%
Variable APR
2.43%—6.05%
3.75%—6.10%
4.00%—6.15%
4.25%—6.40%
4.50%—6.65%
Check My Rates

Eligibility and rates offered will depend on your credit profile and other factors. Rates in the above table include a 0.25% discount for making automatic payments from a bank account. Variable APRs are subject to increase after consummation. View Payment Examples below.

Calculate Your Payments

Your estimated monthly payment

$167–$220

With an estimated rate of 3.75%–5.90%

Check My Rates

The calculated payments are only an estimate. Your actual payments will depend on the actual amount for which you are approved. Eligibility and rates offered will depend on your credit profile, total monthly debt payments, and income. Rates in the above calculations include a 0.25% discount for making automated payments from a bank account. Read important additional information in the Terms & Conditions below.

Refer a Friend

Share Laurel Road and get $400 for every referral.

You can earn up to $400 when you refer your friends and they refinance their student loan with us.3 Our easy-to-use slider lets you determine how much you and your friend will earn. Refer a friend today – you don't have to be a Laurel Road customer to participate!

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In-School Loans for Graduate Studies

Laurel Road can help you get where you want to go, faster.

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Learn About Refinancing Your Student Loans

Resources to help you get the most out of student loan refinancing

Frequently Asked Questions

Questions come up, and we have answers.

  • How does the student loan refinancing process work?

    It’s actually pretty simple – the entire application is completed online, and you can receive pre-approved rates in as little as two minutes.

    1. Fill out a short application with basic information about your loan, education, and employment. Once you authorize a soft credit pull and assuming you have provided enough information, we will provide you with conditional interest rates.
    2. Upload your supporting documents to Laurel Road’s secure dashboard to complete your online application. Once we have received your application, we will underwrite your loan and provide you with your final rates and loan terms.
    3. Select your loan type and term, and e-sign all necessary disclosures and your promissory note in the Laurel Road dashboard.

    Laurel Road will pay off your student loans to your current lenders and provide you with instructions to set up the servicing of your new loan. Your first payment to Laurel Road will be due one month from your disbursement date.

  • Who is eligible to refinance their student loan with Laurel Road?

    U.S. citizens or permanent residents with a valid I-551 form (“permanent green card”) are eligible to refinance student debts with Laurel Road.

    Laurel Road refinances student loans for working professionals with four-year undergraduate and/or graduate degrees from Title IV accredited institutions, as well as for professionals who have an associate degree* in designated professions. We also refinance student loans for parents who took out debt to finance their child’s education. To be eligible for the Parent Student Loan Refinancing Program, the child must have graduated. Loan eligibility depends on lending criteria, such as your credit profile, monthly income, and monthly debt payments.

    * Additional eligibility requirements for Associate degree applicants:

    The applicant must either be currently enrolled and in the final term of the associate degree program at a Title IV eligible school with an offer of employment in the same field in which they will receive the associate degree OR have graduated from a school that is Title IV eligible with an associate degree in the following eligible programs. The graduate must be employed, for a minimum of 12 months, in the same field of study of the associate degree earned:

    • Cardiovascular Technologist (CVT)
    • Dental Hygiene
    • Diagnostic Medical Sonography
    • EMT/Paramedics
    • Nuclear Technician
    • Nursing
    • Occupational Therapy Assistant
    • Pharmacy Technician
    • Physical Therapy Assistant
    • Radiation Therapy
    • Radiologic/MRI Technologist
    • Respiratory Therapy
    • Surgical Technologist
  • Why should I refinance my student loan?

    Refinancing student loans can add up to significant savings. By refinancing multiple loans into one loan with a lower rate, you will accrue less interest over the life of the loan, saving you money on a monthly basis and over the course of the loan.

  • Does Laurel Road refinance student loans for medical or dental residents?

    Yes, Laurel Road refinances student debt for doctors or dentists while they are in residency and before they begin practicing as attending physicians. Residents can defer making full payments on their loan up to 6 months after their residency and fellowships. Total loan term including residency, fellowship and grace period must not exceed 20 years. The deferment period for residency, fellowship, and grace period must be approved and disclosed at the time of application – you will not be able to extend the term of the loan after it is disbursed. If fellowship is determined after your loan is closed, you may be able to refinance with Laurel Road to take advantage of reduced payments during fellowship.

  • Does Laurel Road refinance/consolidate both federal and private student loans?

    Yes, Laurel Road refinances/consolidates both federal and private student loans, even if you have already refinanced/consolidated your student loans with another lender.

Disclaimers

1Savings example: average savings calculated based on single loans refinanced from 9/2013 to 12/2017 where borrowers’ previous rates were disclosed. Assumes same loan terms for previous and refinanced loans, and payments made to maturity with no prepayments. Actual savings for individual loans vary based on loan balance, interest rates, and other factors.

2 Application detail: 5 minutes indicates typical time it takes to complete application with applicant information readily available. It does not include time taken to provide underwriting decision or funding of the loan.

* Terms and conditions apply.