For NPs in Repayment

How much could you save by refinancing your student loans?

Move the sliders. See your monthly payment savings, total interest savings, and 10-year payoff math, instantly. No login.

Your current loan

Total balance

$120K

Current interest rate

7.50%

Years left on current loan

10 yrs

Refinance offer

Refi interest rate

Strong-credit NPs typically see 4.5%-7%.

5.50%

New term

10 yrs

Total Savings

$0

Current loan

Monthly payment$0

Total interest$0

Total paid$0

After refinance

Monthly payment$0

Total interest$0

Total paid$0

⚠ Federal protections forfeit warning: If your current loans are federal, refinancing into private permanently forfeits PSLF, IDR, deferment, and forbearance. Only proceed if you've ruled out PSLF and don't need federal flexibility.

See My Funding Plan Compare Lenders

Estimates based on standard amortization. Actual rates depend on credit profile, debt-to-income, employment status, and lender underwriting. Get pre-qualified offers from multiple refinance lenders through a marketplace using one soft credit pull.

When refinancing makes sense

You have private loans (always shop and refi annually)
You have federal loans BUT have ruled out PSLF
Your credit profile improved significantly since taking original loans
Rate environment dropped 1%+ from your current rate

When refinancing is a mistake

You work (or might work) at any nonprofit / 501(c)(3) / FQHC / government employer (PSLF eligibility worth more than rate)
You're early career, uncertain about employer's tax status long-term
You can't comfortably afford the standard payment without flexibility
Refinance rate savings is less than 0.5%

How to actually refinance

Use a marketplace like Juno that pre-qualifies you with multiple lenders via one soft credit pull
Compare 5+ offers. Focus on APR (not just rate), term length, and customer service quality
Choose fixed if rates are near historical lows; variable if you plan to pay off aggressively
Don't pay origination fees. Top NP-friendly refi lenders are fee-free
Re-shop every 18-24 months after refinance. Rate environment changes

NP-friendly refinance lenders

a private lender, a private lender, Citizens Bank, ELFI, a private lender, and LendKey are the major players. We compare them in detail on our lender comparison pages.

Calculate My Funding Gap →