The Top 10 Best Student Loan Refinance Companies in 2020

Best student loan refinance companies

1. Rhode Island Student Loan Authority (RISLA)


Great pick for borrowers who want payment flexibility

2. Laurel Road

Laurel Road

Great pick for medical and dental school refinancing

3. Earnest


Great pick for financially responsible borrowers

4. CommonBond


Top pick for cosigner release

5. PenFed Credit Union


Great pick for married couples

6. Wells Fargo

Wells Fargo

Great pick for borrowers with existing Wells Fargo Student Loans

7. SoFi


Great pick for added perks

8. Education Loan Finance (ELFI)


Great pick for parent loan refinancing

9. College Ave

College Ave

Great pick for associate degree holders

10. Citizens Bank

Citizens Bank

Great pick for those who didn’t graduate

So, Which Student Loan Refinance Company is the Best?

Financial goals for refinancing might include:

  • Extending the loan term to make monthly payments more manageable
  • Securing a lower interest rate to reduce the overall cost of the loan
  • Releasing a cosigner from your current private loan
  • Getting new repayment terms and benefits like deferment or forbearance in case of graduate school, unemployment, military deployment, etc.

Use Credible to Find the Right Fit For Your Student Loans

Student Loan Refinance Company FAQS

  • Federal Stafford/Direct loans
  • Federal Parent PLUS loans
  • Federal Grad PLUS loans
  • Direct Consolidation loans
  • Federal Perkins loans
  • FFEL loans
  • HEAL loans
  • Private educational loans
  • Shopping around and comparing different lenders
  • Improving your credit score
  • Finding a creditworthy cosigner
  • Prioritize lenders that give rate estimates with only a soft credit inquiry
  • Only fill out a small number of actual applications
  • Apply to all of your options within two weeks to minimize the number of credit inquiries that show up on your report



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