800.446.4190

Student Loan Refinance

Save your hard-earned cash with student loan refi options from Nelnet Bank. See Disclaimer

Check Your Rate

See your rate in minutes without affecting your credit score. See Disclaimer 1

Please be aware, refinancing your federally-held loans will disqualify them for any federally-held loan benefits such as potential debt forgiveness and income-driven repayment. Carefully consider your options.

Variable Rates

Borrow

Rates Between
5.99% to 9.26%
APR
See Disclaimer About Private Student Loans Interest Rates

Fixed Rates

Borrow

Rates Between
4.99% to 8.85%
APR
See Disclaimer About Private Student Loans Interest Rates

Apply Now

Displayed rates are accurate as of December 1, 2024 and may be different at the time you apply.

Lowest rates listed above include an interest rate reduction for enrollment in auto debit, and are available only to the most creditworthy applicants. Advertised variable rates reflect the starting range of rates and may increase over the life of the loan.

See Disclaimer

Give Your Life’s Journey a Jump-Start

If you’re ready to put student loans in your rearview mirror, Nelnet Bank student loan refinancing offers competitive rates and flexible terms to help you start getting ahead.

Auto Debit Savings

We’ll knock .25% off of your interest rate when you enroll in auto debit.

See Disclaimer

No Origination Fees

No application, origination, or prepayment fees on Nelnet Bank student refinance loans.

Payment Assistance Programs

Our programs can help if you are struggling to make payments.

See Disclaimer

See How Much You Can Save

Estimate your monthly payment to find the best student loan refi for you. See Disclaimer 2

$
Finance Term (Years)
Rate Type

{{ refi_fv }} interest rate estimated at {{ refi_currentRates[0] || 0 | roundToTwo }}% to {{ refi_currentRates[1] || 0 | roundToTwo }}% APR

See Disclaimer

Monthly Payment

to {{ monthlyPayment || 0 | currency }}

Calculating

Apply Now

How To Get Started

You’re minutes away from checking your eligibility – and a few short steps away from potential savings.

See Disclaimer

1

Complete Application

Apply in a few minutes online.

2

Review Loan Offers

Choose the best loan option for you.

3

Accept Loan Offer

Upload documents and accept loan terms.

How do I qualify?

There are just a few simple eligibility requirements.

  • CheckCitizenship

    You or your cosigner must be a U.S. citizen or have permanent residency status with a valid U.S. Social Security number.

  • CheckGraduation

    You must have graduated with a Bachelor’s degree or higher, or be a state licensed registered nurse.

  • CheckLegal Age

    You or your cosigner must be 18 years old, or 21 years old in Puerto Rico.

  • CheckCredit

    You or your cosigner must meet Nelnet Bank’s credit criteria.

  • CheckCosigner

    A cosigner isn’t required, but may help you meet credit criteria or qualify for a better rate.

What Do I Need to Get Started?

Once you’re pre-qualified, at a minimum you’ll need to upload some documents to verify income and help us pay off your old Loans.

  • CheckYour most recent student loan or payoff verification statement

    If you have multiple student loans, no problem – just send us one for each.

  • CheckProof of Income

    If you’re employed, two recent pay stubs work best. If you have other income, we’ll instruct you on the proper documentation.

Ready to Get Started?

Apply Now

Parent PLUS Loans

We help you save money and build credit by transferring Parent PLUS loans into your name. See Disclaimer

Learn More about Parent PLUS Loans

Frequently Asked Questions

Have questions about student loan refinancing? If we haven’t answered your questions below, contact us – that’s why we’re here.

After you've chosen one of your pre-qualified offers, please be prepared to submit proof of income. If you have a cosigner, you may not need to submit income as we can rely on the income of the cosigner which they will need to submit proof of instead. Once income verification is completed, you will be prompted to sign the credit agreement and then formally accept the loan. From there, we will disburse funds to your school and email instructions on how to access your new Nelnet Bank Student Loan account. That’s it!

Let’s get one thing right out of the way. It is free to apply for a loan with us.

Refinancing a Parent PLUS loan combines your Parent PLUS loan (and any other loans the student has) into a brand-new loan – often, with a lower interest rate and/or monthly payment. The new refinanced loan will be in the student’s name, not the parent’s.

All of your federal and private student loans are eligible for refinance. Most borrowers refinance their higher interest rate private student loans. If you refinance federal student loans, you’ll lose federal loan benefits, such as income-driven repayment plans and Public Service Loan Forgiveness. Many people choose to refinance their private student loans and keep their federal student loans to take advantage of the federal student loan benefits.

We can also refinance Parent PLUS loans and transfer them to the student.

It’s always free to check and see if you qualify for a better rate. See Disclaimer If you have good credit and a stable job meeting Nelnet Bank’s annual income criteria, you might want to consider refinancing.

Maximum student loan limits:

  • $125,000 for borrowers with an undergraduate degree or higher
  • $175,000 for borrowers with a graduate, doctorate, MBA, or law degree
  • $500,000 for borrowers with a graduate health professions degree

The minimum loan amount you can refinance is $5,000.

Eligibility requirements:
  • Citizenship You or your cosigner must be a U.S. citizen or have permanent residency status with a valid U.S. Social Security number.
  • Graduation You must have graduated with a Bachelor’s degree or higher.
  • Legal Age You or your cosigner must be of the age of majority in your state/territory – or be age 18 or older if no state requirement exists.
  • Credit You or your cosigner must meet Nelnet Bank’s credit criteria.
  • Income You, or your cosigner, must meet Nelnet Bank’s annual income criteria.
  • Cosigner A cosigner isn’t required, but may help you meet credit or qualify for a better rate.

A Note About Student Loan Refinancing

Understand and evaluate the various features and benefits of your current loans, and any potential benefits that may be lost by refinancing federal and private education loans, such as the loss of any remaining grace periods. Learn more about what to take into consideration when refinancing federal student loans with private education loans.

1Checking your rate results in a soft credit pull, which will not affect your credit score. If you continue with your application, Nelnet Bank will request your permission to obtain your full credit report from one or more consumer reporting agencies. This is a hard credit pull and may affect your credit score. back

2This calculator is intended for informational purposes only and accuracy is not guaranteed. Actual loan terms will be based on your application and credit report.

The lowest interest rate requires a creditworthy eligible borrower, and automatically withdrawn (“auto debit”) payments, a five-year repayment term, and borrowers making immediate principal and interest payments. Not all borrowers will receive the lowest rate.

Your actual savings, if any, may vary based on interest rates, balances, remaining repayment terms and other factors. Refinancing to a longer term may lower your monthly payments, but may also increase the total interest paid over the life of the loan. Refinancing to a shorter term may increase your monthly payments, but may lower the total interest paid over the life of the loan. back