If you’re a parent or grad school alum who borrowed a federal PLUS loan within the last several years, odds are good that you’re locked into an interest rate of 7.9% or even 8.5%. Interest rates keep changing however, and because of today’s historically low-rate environment, we can help you save!
With our PLUS Loan Refinance solution, you have the chance to refinance your existing PLUS loans at lower fixed rates, consolidate multiple loans into one convenient payment, and potentially save thousands over the life of your loan (check out our refi calculator to determine exactly how much you could save).
What You Need to Know Before You Borrow
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Save money - potentially thousands over the life of your loan - check out our Refi Calculator to estimate your potential savings
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0.25% rate reduction by enrolling in automatic electronic payment1
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Lower your rate - fixed interest rates as low as 5.99%2
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Borrow from $5,000 to $100,000 once approved (make sure to review your existing loans carefully so you borrow the exact amount you need)
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Pay your loans off sooner by choosing a shorter repayment term
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One easy payment - combine multiple loans into one convenient payment
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Graduated repayment option that results in lower monthly payments during the first two years of your repayment term
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NO pre-payment fee - pay off your loan at any time without penalty
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Check out our FAQ's for more information
Make the smart choice—consider PLUS Loan Refinance and start paying off your PLUS loans on your terms! Click below to get started.
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If your loan is subject to a floor rate (also known as a minimum interest rate) as specified in your promissory note, your rate will never be less than the floor rate.
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For interest rates and important disclosures, please visit our rates page