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SPECIAL OFFER: Refinance and enjoy no payments and no interest for 3 months AND get $250!

IMPORTANT: Federal student loan payments and interest are set to resume after 12/31/22. For details on federal student loan
repayment options and possible debt cancellation, visit studentaid.gov. Carefully consider your options before refinancing
federal student loans, as they will no longer qualify for current and future federal benefits once refinanced with a private lender.

Student Loan Refinance

Take control of your student loan repayment! Refinance and consolidate your private and federal student loans (including PLUS loans) into one manageable loan, setting up one convenient payment and potentially lowering your rate.*

Current Rates

Student Loan Refi

Borrow up to $125,000

4.25% - 11.00%

Variable Rates (APR)

3.75% - 10.25%

Fixed Rates (APR)

5, 10, 15 year

Loan Term

Parent Loan Refi

Borrow up to $125,000

4.25% - 11.00%

Variable Rates (APR)

3.75% - 10.25%

Fixed Rates (APR)

5, 10, 15 year

Loan Term

For parents who wish to refinance PLUS loan(s) or a child's student loan(s)

 

Important Disclosures and Rate Details  |  Refinance Disclaimers  | Rates shown include a 0.25% discount for optional enrollment in automatic electronic payments.

See how much you could save! We know that everyone’s student loan situation is unique, and figuring out where to start can be tough. Use our Student Loan Refinance Calculator today.

Why refi with Elements Financial?

When you refinance your student loans with us, you'll benefit from great rates, low fees, convenient repayment terms, and most importantly, a life-long relationship with a lender you can trust.

 

Competitive Rates

With rates likely on the rise - take advantage and refinance now.

 

Easy Application

Our application is quick and easy, providing an instant credit decision.

 

Personal Support

Our counselor offers 1:1 support for your refinancing questions.

 

Should I refinance my student loans?

By lowering your interest rate or leveraging a better repayment term, refinancing your student loans (such as private, federal, and/or PLUS loans) could help you save money in the long run or pay them off sooner. Make sure to remember that if you refinance some or all of your federal student loans into a private student loan with the credit union, you will lose access to any current or future federal student loan benefits, such as potential debt cancellation or income-driven repayment options. With the recent announcement from the Biden administration, it’s more important than ever to evaluate your options if you have federal student loans so that you can make educated decisions. For more information, check out these helpful resources:

Common Questions

If you are a college graduate currently in repayment, a recent college graduate, or a parent who took out student loans for a child, you may want to consider refinancing your student loans. For those with high interest rate student loans, refinancing might be a good way to lower the interest rates on your private or federal student loans (including parent and graduate PLUS). Choosing a new repayment term that fits your needs could help you simplify multiple payments or adjust your repayment terms.

Refinancing could potentially reduce the amount of interest you pay long term, but be sure to compare your options to determine what solution is right for you. Remember, Federal loans offer some special benefits, for example, public service forgiveness and economic hardship programs, that may not be accessible to you after you refinance. See disclosures for more details.

Consolidation means you are simply combining existing loans. Your total payment amount and total interest will likely remain the same, but you'll have the convenience of making one payment rather than multiple payments. This type of loan is usually associated with federal government student loans.

When you refinance, you are taking out a single new loan to pay off your old ones. You'll probably have a new interest rate, new terms, and a different monthly payment amount. This is the loan solution offered by your credit union.

Please visit our eligibility page.

 

View all FAQs.

 

Helpful Resources

 

Personal Support

 

Guide to Refi

 

Calculate Savings

 

Application Timeline

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* Subject to credit qualification and additional criteria, including graduating from an approved school.
† APR = Annual Percentage Rate
‡ Approved schools subject to change without notice.

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