Student Loan Refinancing + Checking
Checking that helps put student loans in check.
Now you could get student loan refi rates starting at 1.37%2 variable APR with discounts when you open a Laurel Road Linked Checking® account and set up qualifying direct deposits.
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Student Loan Refinancing
How much money could you save by refinancing your student loans?
A lower rate or shorter loan term may save you thousands.3 Click to view our video on how a lower interest rate may help you save – or check out our payment calculator below.
Check Your RateStudent Loan Consultation
Weigh your student loan options with an expert guide.
Get the facts on student loan repayment, forgiveness, and refinancing options. If you have a combination of federal and private student loans, you can schedule a free 30-minute consultation with one of our student loan specialists. Our team helps borrowers qualify for an average of over $118k in federal student loan forgiveness.4
By submitting this form you agree to our User Agreement and Online Privacy Statement. As part of your request to schedule a consultation, you are agreeing to receive emails from GradFin related to your Student Loan consultation. Emails include but are not limited to Consultation Scheduling, Membership Counseling Information Request, Appointment Reminders, and Membership Signup.
Looking to refinance your parent student loans?
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If you are refinancing any federal student loans with Laurel Road, you will no longer be able to take advantage of federal income driven repayment programs or student loan forgiveness, including but not limited to: Income Based Repayment (IBR), Pay As You Earn (PAYE) or Revised Pay As You Earn (REPAYE), and Public Service Loan Forgiveness (PSLF). For more information about the benefits of these federal programs and other federal student loan programs, please visit https://studentaid.gov/.
It’s actually pretty simple – the entire application is completed online, and you can receive preliminary rate in as little as 5 minutes.
- 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 preliminary rates, which are conditional upon further underwriting review and authorize a hard credit pull.
- Upload your supporting documents to Laurel Road’s secure dashboard and authorize a hard credit pull 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 if approved.
- 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.
Yes. The balance in your checking account is FDIC-insured up to the maximum allowable limit. Laurel Road is a part of KeyBank N.A. All single accounts owned by the same person at KeyBank N.A. are added together and insured up to the maximum allowable limit. To learn more, contact the FDIC toll-free at 1.877.ASK.FDIC (1.877.275.3342) or visit www.fdic.gov.
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. Graduate students and undergraduates can refinance student loans as early as their final semester of school, so long as they have a signed contract or letter of employment. 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 attended a Title IV School but does not need to 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 have been employed for a minimum of 12 months in the same field of study of the associate degree. Also, the applicant must either (1) be currently enrolled in 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 (2) have graduated from a school that is Title IV eligible with an associate degree in the following eligible programs:
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- 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
- Associate’s in Applied Science (AAS) in any of the above fields
Refinancing student loans may add up to significant savings. For example, if you refinance multiple loans into one loan with a lower rate, and keep the loan term the same, 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.
Laurel Road Checking® is an interest-bearing account. You can see the most updated interest rate for your Laurel Road Checking account here.
Explore our resources.
A Guide to Student Loan Refinancing
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Learn the Best Way to Pay Off Your Student Loans
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