Student Loan Refinance

Simplify Your Repayment With Student Loan Refinancing

U-fi Rates

Variable rates as low as 2.46% APR 3

Fixed rates as low as 3.23% APR 3

for eligible applicants enrolled in automatic payments.1

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U-fi Loan Features

Borrower Benefits 1

Reward yourself with a .25% interest rate reduction when you enroll in auto debit payments. 1

Cosigner Release

Cosigner release option available after 24 on‑time payments. 2

Unemployment Protection

24 months of hardship forbearance helps protect against unexpected loss of income.

No Prepayment Fees

No application, origination, or prepayment fees.

Save Money

Competitive interest rates and flexible monthly payment terms.

How To Get Started

Here’s what you need to get started with your refinance application.

  • Personal information such as contact information, address, Social Security Number
  • Employment information such as paystub, proof of income
  • Student loan information such as current loan servicer, interest rate, and outstanding balance

Eligibility Requirements 4

You must:

  • 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 to residents of 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, or an eligible cosigner.

Borrower must:

  • Be at least 17 years of age.
  • No longer be attending school on a half-time or more basis.
  • Not exceed our maximum student loan debt limits.
  • Have entered grace or repayment on the loans you wish to refinance.
  • Not be considered a resident of Vermont.

Cosigner must:

  • 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 to residents of all U.S. states, except Vermont.
  • Be the legal age of majority in their permanent state/territory of residency, which for the majority of states/territories is 18 years of age (Alabama and Mississippi are 19, Puerto Rico is 21).
  • Have at least $36,000 in annual income.

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Loan Refinance Details

You have a choice of either a fixed or variable interest rate. Interest rates are determined by the borrower's and/or cosigner's credit, repayment term, and highest level of education obtained.

  • Variable interest rates range from 2.46% APR to 3.60% APR. 3
  • Fixed interest rates range from 3.23% APR to 6.31% APR. 3

  • Minimum loan amount: $5,000 4
  • Maximum student loan limits:
    • $125,000 for borrowers with an undergraduate degree or below.
    • $150,000 for borrowers with a graduate or doctorate degree.
    • $175,000 for borrowers with an MBA or graduate law degree.
    • $225,000 for borrowers with a graduate health professions degree.

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.

Rates and terms

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Frequently Asked Questions

ViewFrequently Asked Questions