CommonBond

For a direct loan, there’s CommonBond , a private lender that can help you refinance your student loan into one with a lower rate. With CommonBond, you can choose from a fixed-rate, variable-rate, or hybrid loan. Hybrid loans give you several years at a fixed rate, followed by a variable rate.

In the event the truth be told there happens a time when you need some slack out-of payments, CommonBond even offers forbearance all the way to two years over the way of one’s mortgage. Cost are currently dos.59%-6.74% having repaired, dos.55%-six.86% to own varying, and you can dos.98%-six.57% for a crossbreed loan. All the pricing could be discount because of the 0.25% for many who install autopay.

PenFed

PenFed also offers direct student loan refinancing, with fixed rates starting at 2.99% APR and variable rates as low as 2.16% APR. You can refinance both student and parent loans using PenFed, and the rate you’re quoted will be based on your credit score and your income.