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In response to COVID-19, some federal loans may qualify for a temporary interest waiver. If you refinance your federally-held loans with U-fi From Nelnet, they will no longer qualify for this waiver. If you have questions regarding the interest waiver, please visit the Federal Student Aid website for the most up to date information.

Parent PLUS Loan Refinance

Transfer PLUS Loans. Save Money. Build Your Credit.

Get Started See your rate in minutes without affecting your credit score.

By refinancing your parent’s PLUS loans, you could save thousands* and get a lower interest rate. That may mean more money in your pocket – so you can finally get your own place.

Refinance Rates

Competitive student loan interest rates and flexible repayment plans. Get started and start saving today.

Variable rates as low as:

2.10 %


Fixed rates as low as:

3.10 %


Rates listed above include an interest rate reduction for eligible applications and enrollment into auto debit. 1

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Three Easy Steps to Refinance Parent PLUS Loans

Complete Application

Review Loan Offers

Choose Your Loan

Am I Eligible to Refinance?

To refinance, you or an eligible cosigner must:

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Be a U.S. citizen or permanent resident alien with a valid U.S. Social Security number
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Have proof that you are the age of majority in your state/territory
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Be refinancing loans in their grace or repayment period, and you can no longer be enrolled in school on a half-time or more basis
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Have an annual income of at least $36,000 and a credit score of 680
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Why Refinance a Parent PLUS Loan?

Refinancing your Parent PLUS loan with U-fi From Nelnet has its perks – here are just a few.

Lower Your Rate

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Build Your Credit

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Apply In Minutes

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A Note About Student Loan Refinancing

Understand and evaluate the various features and benefits of your current loans, and any potential benefits that may be lost by refinancing federal and private education loans, such as the loss of any remaining grace periods. Learn more about what to take into consideration when refinancing federal student loans with private education loans.

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Parent PLUS Loan Refinance Calculator


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* The lowest interest rate requires a creditworthy eligible borrower, and automatically withdrawn (“auto debit”) payments, a five-year repayment term, and borrowers making immediate principal and interest payments. Not all borrowers will receive the lowest rate. back

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Frequently Asked Questions

No. To refinance a parent PLUS loan, only the student needs to apply.

No – in fact, we think prepayment and origination fees kind of suck.

You'll need a valid U.S. Social Security number, proof that you are the legal age of majority in your permanent state/territory of residency, have a credit score of 680+, and an annual income of at least $36,000. If you don’t meet these requirements, you’ll need a cosigner who does.

The new loan releases the parent from responsibility for the loan. Since the new loan is in the student’s name, they’ll receive credit benefits for making payments. Their new loan may also have lower interest rates or monthly payments, so they may save money.

Yes – though the student will need to start the process by applying and meeting credit requirements (parents can still cosign the refinanced loan if the student isn’t able to meet them).

Refinancing a parent PLUS loan combines this student loan (and any other loans the student has) into a brand-new loan – often, with a lower interest rate and/or monthly payment. The new refinanced loan will be in the student’s name, not the parent’s.

Yes. However, before you refinance federal student loans, make sure you understand the benefits you can lose.