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Student Loan Refinance

You Put in the Work. Now Reap the Rewards.

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See your rate in minutes without affecting your credit score.

Completing your education was one smart decision – here’s your chance to make another. Save your hard-earned cash with Student Loan Refinancing from U-fi.

U-fi Rates

Competitive interest rates and flexible repayment plans. Apply now and start saving today.

Variable rates as low as

2.45 % APR 3

Fixed rates as low as

3.55 % APR 3

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 Get Your Student Loan

  1. 1

Complete Application

  1. 2

Review Loan Offers

  1. 3

Accept Loan Offer

Applying with a cosigner?

Great! A cosigner may help you qualify for additional loans and could lower your interest rate.

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Why U-fi?

Our borrower benefits help keep you on top of your financial game.

Auto Debit Savings

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Cosigner Release

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Unemployment Protection

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We Refinance Parent PLUS Loans, Too

We help you save money and build credit by transferring parent PLUS loans into your name.

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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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Student Loan Refinance Calculator

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* The lowest interest rate for each loan type requires automatically withdrawn (“auto debit”) payments, a five-year repayment term, and the borrower making immediate principal and interest payments.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

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Frequently Asked Questions

  • Be a U.S. citizen or have permanent residency status and possess a valid U.S. Social Security number. U-fi Student Loans are currently available in all U.S. states except Vermont
  • Be the legal age of majority in your permanent state/territory of residency
  • No longer be attending school on a half-time or more basis
  • Have a minimum of $5,000 in eligible student loans you wish to refinance
  • Have entered grace or repayment on the loans you wish to refinance
  • Have at least $36,000 in annual income
  • Have a 680+ credit score

You can select one of the following loan repayment terms:
  • 5-year term
  • 10-year term
  • 15-year term
  • 20-year term (for loan amounts of $25,000 or more)
  • 25-year term (for loan amounts of $75,000 or more with variable rate interest)*
  With a shorter repayment term, you may lower your interest rate and will lower your overall cost of borrowing, but you will have higher monthly payments. With a longer repayment term, you will lower your monthly payment amount, but you may have a higher interest rate and will increase your overall cost of borrowing. No matter which term you choose, you can always make additional payments without penalty. This lets you pay off your loan faster and saves you money.   *Note: Not all repayment terms may be available depending on the borrower's and/or cosigner's credit.

You can select one of the following loan repayment terms:
  • 5-year term
  • 10-year term
  • 15-year term
  • 20-year term (for loan amounts of $25,000 or more)
  • 25-year term (for loan amounts of $25,000 or more with variable interest)
Keep in mind that shorter repayment terms often mean lower interest rates and higher monthly payments, which will lower your overall cost of borrowing.

No. Cosigners are only required if your application doesn’t meet certain minimum requirements like age, creditworthiness, employment, or income.

Your cosigner should be a trusted individual who has strong credit, a reliable annual income (at least $36,000), and is a U.S. citizen or has permanent residency status. Your cosigner can be released from the loan after 24 consecutive on-time payments have been made.

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

You’ll need to have on hand:
  • Contact information
  • Home address
  • Social Security Number
  • Employment information (paystub/proof of income)
  • Loan information (loan servicer, interest rate, outstanding balance)

Not initially – getting your estimated interest rates with U-fi will not impact your credit score and it won’t cost you a thing. U-fi uses a soft credit inquiry to see if you meet minimum criteria and to show you. However, after you’ve selected a rate and signed your credit agreement, a hard inquiry will be placed on your credit score.

Unfortunately, spouses would need to establish a separate payment plan through U-fi.

No, U-fi does not offer grace periods or honor grace periods for refinancing. U-fi operates on an immediate full principal and interest repayment plan. First student loan payment is due 30-45 days after the first loan is issued.

A 60-day admin forbearance will be applied while waiting for the customer to return their application. Subsequent 60-day admin forbearance will be applied if the returned application does not contain all necessary information and needs to be returned to the customer; up to a maximum of 180 day of admin forbearance will be processed. Total and Permanent Disability (TPD) can be determined based on determination by US Department of Veteran Affairs or Social Security Administration (SSA), along with a completed total and permanent disability application, sections 1 and 2.

This one’s easy – if you’re wondering how much you’ll save by refinancing your student loan, we built a student loan calculator just for you.