6 Best MBA Student Loan Refinance Options of July 2021


Serious student loan refinancing

Ideal for pre-graduation refinancing

650

2.50 – 5.79%

The specific Annual Percentage Rate (APR) offered in these ranges will depend on various factors, including your creditworthiness and other details of your claim. Annual Percentage Rates (APRs) reflect a 0.25% discount for optional auto-pay enrollment. Your approval for a serious loan is subject to the complete subscription of your loan application. Learn more about qualifying for a loan with Earnest here: https://www.earnest.com/eligibility

1.88 – 5.64%

The specific Annual Percentage Rate (APR) offered in these ranges will depend on various factors, including your creditworthiness and other details of your claim. Annual Percentage Rates (APRs) reflect a 0.25% discount for optional auto-pay enrollment. Your approval for a serious loan is subject to the complete subscription of your loan application. Learn more about qualifying for a loan with Earnest here: https://www.earnest.com/eligibility

PenFed student loan refinancing

PenFed student loan refinancing

Best for a quick win

670

2.89 – 5.63%

Rates and offers in effect as of May 18, 2021. The annual percentage rate (APR) is the cost of credit which calculates the interest rate, the loan amount, the repayment term and the payment schedule. Fixed rates range from 2.89% APR to 5.63% APR and variable rates range from 2.15% APR to 5.27% APR. The fixed and variable rates will vary according to the conditions of application, the level of diploma and the presence of a co-signer. These rates are subject to additional terms and conditions and rates are subject to change at any time without notice. For variable rate student loans, the rate will never exceed 9.00% for 5 year and 8 year loans and 10.00% for 12 and 15 year loans (the maximum allowed for this loan). The minimum variable rate will be 2.00%. These rates are subject to additional terms and conditions, and rates are subject to change at any time without notice. Such changes will only apply to requests received after the effective date of the change.

2.13 – 5.25%

Rates and offers in effect as of May 18, 2021. The Annual Percentage Rate (APR) is the cost of credit which calculates the interest rate, the loan amount, the repayment term and the payment schedule. Fixed rates range from 2.89% APR to 5.63% APR and variable rates range from 2.15% APR to 5.27% APR. The fixed and variable rates will vary depending on the conditions of application, the level of diploma and the presence of a co-signer. These rates are subject to additional terms and conditions and rates are subject to change at any time without notice. For variable rate student loans, the rate will never exceed 9.00% for 5 year and 8 year loans and 10.00% for 12 and 15 year loans (the maximum allowed for this loan). The minimum variable rate will be 2.00%. These rates are subject to additional terms and conditions, and rates are subject to change at any time without notice. These changes will only apply to requests received after the effective date of the change.

CommonBond student loan refinancing

CommonBond student loan refinancing

Ideal for additional features

680

2.98 – 5.79%

The terms offered are subject to modifications and restrictions imposed by state laws. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900), NMLS Consumer Access. If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term chosen and will be within the indicated rate ranges. All Annual Percentage Rates (APRs) displayed assume borrowers sign up for automatic payment and take into account the 0.25% interest rate reduction. All variable rates are based on a 1-month LIBOR assumption of 0.16% effective September 1, 2020 and may increase after consumption.

1.99 – 5.61%

The terms offered are subject to modifications and restrictions imposed by state laws. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900), NMLS Consumer Access. If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term chosen and will be within the indicated rate ranges. All Annual Percentage Rates (APRs) displayed assume borrowers sign up for automatic payment and take into account the 0.25% interest rate reduction. All variable rates are based on a 1-month LIBOR assumption of 0.16% effective September 1, 2020 and may increase after consumption.

Splash Financial student loan refinancing

Splash Financial student loan refinancing

Ideal for additional features

650

2.49 – 5.79%

Fixed rates vary from 2.49% APR to 5.79% APR. The rates are in effect as of June 1, 2021 and reflect those offered by participating lending partners. Lending partners may vary and are displayed at Splash’s sole discretion. Not all lending partners are available for all application channels. If approved, your actual rate will be within a rate range and depend on a variety of factors including loan term, responsible financial history, income, and other factors. Thermal baths and conditions of application. Splash reserves the right to modify or discontinue products and benefits at any time without notice. Prices and conditions are also subject to change at any time without notice.

N / A

SoFi student loan refinancing

SoFi student loan refinancing

Ideal for additional features

650

2.74 – 6.74%

Fixed rates of 2.74% APR to 6.74% APR (with AutoPay). Variable rates from 2.25% APR to 6.39% APR (with AutoPay). Interest rates on variable rate loans are capped at 8.95% or 9.95% depending on the term of the loan. See examples and APR terms. The lowest floating rate of 2.25% APR assumes a current 1-month LIBOR rate of 0.12% plus a margin of 2.38% minus an ACH discount of 0.25%. Not all borrowers benefit from the lowest rate. If approved for a loan, the fixed or variable interest rate offered will depend on your creditworthiness, loan term and other factors, and will fall within the rate ranges listed above. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be amortized and may change monthly. APRs on floating rate loans may increase after origination if the LIBOR index increases. See eligibility details. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly payments of principal and interest through an automatic monthly deduction from a savings or checking account. The benefit will cease and will be forfeited for the periods during which you do not pay by direct debit from a savings account or current account. The discount will not reduce the monthly payment; instead, the interest savings are applied to the loan principal balance, which can help pay off the loan faster. Signing up for automatic payment is not required to receive a loan from SoFi. * To verify the rates and conditions for which you are eligible, SoFi performs a flexible credit investigation. Unlike rigid credit applications, flexible credit applications (or flexible credit draws) have no impact on your credit score. Flexible credit applications allow SoFi to show you in advance the rates and terms SoFi can offer you. After seeing your rates, if you choose a product and continue with your request, we will request your complete credit report from one or more consumer reporting agencies, which is considered a serious credit investigation. Credit inquiries (or credit draws) are necessary for SoFi to grant you a loan. In addition to requiring your explicit authorization, these credit withdrawals can have an impact on your credit score. General conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR INTERRUPT THE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.

2.25 – 6.39%

Fixed rates of 2.74% APR to 6.74% APR (with AutoPay). Variable rates from 2.25% APR to 6.39% APR (with AutoPay). Interest rates on variable rate loans are capped at 8.95% or 9.95% depending on the length of the loan. See examples and APR terms. The lowest floating rate of 2.25% APR assumes a current 1-month LIBOR rate of 0.12% plus a margin of 2.38% minus an ACH discount of 0.25%. Not all borrowers benefit from the lowest rate. If approved for a loan, the fixed or variable interest rate offered will depend on your creditworthiness, loan term and other factors, and will fall within the rate ranges listed above. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be amortized and may change monthly. APRs on floating rate loans may increase after origination if the LIBOR index increases. See eligibility details. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly payments of principal and interest through an automatic monthly deduction from a savings or checking account. The benefit will cease and will be forfeited for the periods during which you do not pay by direct debit from a savings account or current account. The discount will not reduce the monthly payment; instead, the interest savings are applied to the loan principal balance, which can help pay off the loan faster. Signing up for automatic payment is not required to receive a loan from SoFi. * To verify the rates and conditions for which you are eligible, SoFi performs a flexible credit investigation. Unlike rigid credit applications, flexible credit applications (or flexible credit draws) have no impact on your credit score. Flexible credit applications allow SoFi to show you in advance the rates and terms SoFi can offer you. After seeing your rates, if you choose a product and continue with your request, we will request your complete credit report from one or more consumer reporting agencies, which is considered a serious credit investigation. Credit inquiries (or credit draws) are necessary for SoFi to grant you a loan. In addition to requiring your explicit authorization, these credit withdrawals can have an impact on your credit score. General conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR INTERRUPT THE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.

Prodigy student loan refinancing

Prodigy student loan refinancing

on the secure NerdWallet site

Ideal for international MBA students

N / A

N / A

6.56 – 8.65%

See my rates

on the secure NerdWallet site

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