7 Best Student Loan Refinance Rates of 2024

Compare student loan refinance rates to find your best offer and potentially save money on your student loans.

Author
By Rebecca Safier

Written by

Rebecca Safier

Freelance writer, Credible

Rebecca has more than eight years of experience in personal finance. Her work has been featured by CNN, U.S. News & World Report, New York Post, USA TODAY Blueprint, and Buy Side WSJ.

Updated April 18, 2024, 6:28 PM EDT

Edited by Renee Fleck

Written by

Renee Fleck

Editor, Credible

Renee Fleck is a student loans editor with over five years of experience. Her work has been featured in Fast Company, Morning Brew, and Sidebar.io, among other online publications. She is fluent in Spanish and French and enjoys traveling to new places.

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Refinancing student loans can get you a better interest rate, potentially resulting in major savings over the life of your loan. You’ll also get the chance to choose new repayment terms and adjust your monthly loan payments to fit your budget. 

To refinance student loans, you’ll generally need a credit score in the high 600s (at the very minimum) and proof of steady income. If you don’t have either, you may be able to qualify for a refinance loan by bringing on a creditworthy cosigner. 

Before choosing a lender, compare the best student loan refinance rates and make sure refinancing is right for you. 

Compare student loan refinance rates 

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Best student loan refinance rates 

High balances

ELFI

4.4

Fox Money rating

Check Rates

on Credible’s website

Min. Credit Score

680

Fixed APR

4.88 - 8.44%

Variable APR

4.86 - 8.49%

Loan Amount

$10,000 up to total refinance amount

Term

5, 7, 10, 12, 15, 20

Pros and cons

More details

Graduates with excellent credit

LendKey

4.6

Fox Money rating

Check Rates

on Credible’s website

Min. Credit Score

680

Fixed APR

4.89 - 9.24%

Variable APR