Student Loan Refinance

Automate your student loan refinance search

Pre-qualify with 17+ lenders to refinance your student loans through a single form in as little as three minutes.

100% free
No degree needed
Flexible repayment plans
Serious savings
Refinancing amount

How much money are you looking for?

$12000
Citizenship status

Select your citizenship status

  • US Citizen or National
  • Permanent Resident Alien
  • Eligible Resident Alien
Education

Indicate all your degrees

  • Major / ConcentrationB.S | Management Science and Engineering
  • Enrollment statusFull time
  • Graduation dateJune 2025
Find refinancing
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ASLA

APR 5.03% ∙ 10 years

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Brazos

APR 5.03% ∙ 15 years

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College Ave

APR 5.03% ∙ 20 years

  • Total cost$19,054
  • Rate typeFixedMonthly payment$79/mo
Apply

Illustrative purposes, actual results may vary.

Pre-qualified rates are not a firm offer of credit.description

No cosigner, no problem
You may pre-qualify with or without a cosigner.
No impact to your credit
Searching for pre-qualified rates doesn't impact your credit.
Radical flexibility
Consolidate multiple loans and remove a cosigner.
Get funds quickly
Pre-qualification within 20 seconds of submission.
How It Works

One form
for 17+ lenders

Zero fees

We don’t believe in charging borrowers for our services. Sparrow’s products are free and always will be.

Risk free

Sparrow doesn’t impact your credit score or go on your credit report. We remove the risk of shopping real rates with lenders.

Exhaustive search

Sparrow works with the nation’s largest network of private student lenders to find you the best rate out there.

Real rates

No smoke and mirrors. No mystery. We don’t get paid to rank lenders higher. You see real pre-qualified rates before selecting a lender.

Illustrative purposes, actual results may vary.

Pre-qualified rates are not a firm offer of credit.description

Why Sparrow

Search smarter,
not harder

Radically simplify your student loan refinancing. Leverage the most powerful search engine to do the work for you.

Compare Real Rates
Unlike other platforms, Sparrow gives you real, pre-qualified rates.
No Pre-Payment Penalties
There’s no pre-payment penalty if you decide to pay off your loans faster than originally intended.
May the Best Rate Win
Sparrow’s student loan refinancing search engine is strictly lender neutral - lender’s cannot pay for preferential placement or ranking.
Top-Rated Customer Support
Our U.S. based customer support team is always here to help with any and all of your most pressing student loan questions.

Illustrative purposes, actual results may vary.

Pre-qualified rates are not a firm offer of credit.description

  • Dashboard
  • FAQ
Pre-qualify
Compare and select
Apply with a lender
Finalize your loan
Receive your funds
JS
Jack S.
Customer support
Jack, you pre-qualified for 22 rates!

Once you have found the best pre-qualified rate for you, click Apply and we’ll take you to the right place.

Loan size
$20,000
Annual income
$50,000
Education
Stanford University
Cosigner
Add cosigner
Bookmarked
Loan type
Rate type
Repayment plan
Lender
Term
Satisfactory academic progress
Past due balance
Your payments over time
$30,00025,000$20,000$10,000$0
‘23‘24‘25‘26‘27‘28‘29‘30‘31‘32‘33‘34‘35‘36‘37‘38
Estimated cost
Total costPayment after school
$30,00025,000$20,000$10,000$0
6.88%, 5 years
Lender 1
6.24% 10 years
Lender 2
6.47%, 10 years
Lender 3
6.82%, 10 years
Lender 4
4.98%, 15 years
Lender 5
Best pre-qualified rates for you

Get out of debt ASAP (pre-qualified rates with the shortest terms) Change my preferences

Sort by: Lowest total cost
Lender 1
Shortest term
APR
6.88%
Term
5 years
Total cost
$23,693.56
Apply
Lender 2
Lowest APR
APR
6.24%
Term
10 years
Total cost
$26,935.09
Apply
Lender 3
APR
6.47%
Term
10 years
Total cost
$27,214.89
Apply
Lender 4
APR
6.82%
Term
10 years
Total cost
$27,643.90
Apply
Lender 5
APR
6.90%
Term
10 years
Total cost
$27,742.50
Apply
The Backbone For Student Lending

The world’s most powerful student financing platform

There’s a reason Sparrow’s the fastest growing platform for borrowers looking to refinance their student loans, see for yourself.

Find my rate
$220M+

Last year, Sparrow facilitated the search of over $220 million in student loan volume.

1M+

Every year, Sparrow finds borrowers over 1 million pre-qualified rates.

7,000+

Sparrow supports 7,000+ schools. No degree? No problem. You’re still eligible to refinance.

1:1

Contact Support for a free 1:1 session to address your pressing questions.

Save Time And Money

Smarter. Automated. Centralized.

Exhaustively search for the best student loan refinancing options and effortlessly compare your pre-qualified rates - all in one place.

Find my rate

Illustrative purposes, actual results may vary.

Pre-qualified rates are not a firm offer of credit.description

$60,000
Total cost
$75,595
APR
4.78%
Term
10 years
Monthly payment
$630/mo
$60,000
Total cost
$84,173
APR
4.78%
Term
15 years
Monthly payment
$468/mo
$60,000
Total cost
$93,292
APR
4.78%
Term
20 years
Monthly payment
$389/mo
$60,000
Total cost
$67,574
APR
4.78%
Term
5 years
Monthly payment
$1,126/mo
$60,000
Total cost
$75,595
APR
4.78%
Term
10 years
Monthly payment
$630/mo
$60,000
Total cost
$93,292
APR
4.78%
Term
20 years
Monthly payment
$389/mo
$60,000
Total cost
$67,574
APR
4.78%
Term
5 years
Monthly payment
$1,126/mo
$60,000
Total cost
$75,595
APR
4.78%
Term
10 years
Monthly payment
$630/mo
$60,000
Total cost
$84,173
APR
4.78%
Term
15 years
Monthly payment
$468/mo
$60,000
Total cost
$75,595
APR
4.78%
Term
10 years
Monthly payment
$630/mo
$60,000
Total cost
$75,595
APR
4.78%
Term
10 years
Monthly payment
$630/mo
$60,000
Total cost
$84,173
APR
4.78%
Term
15 years
Monthly payment
$468/mo
$60,000
Total cost
$93,292
APR
4.78%
Term
20 years
Monthly payment
$389/mo
$60,000
Total cost
$67,574
APR
4.78%
Term
5 years
Monthly payment
$1,126/mo
$60,000
Total cost
$75,595
APR
4.78%
Term
10 years
Monthly payment
$630/mo
$60,000
Total cost
$93,292
APR
4.78%
Term
20 years
Monthly payment
$389/mo
$60,000
Total cost
$67,574
APR
4.78%
Term
5 years
Monthly payment
$1,126/mo
$60,000
Total cost
$75,595
APR
4.78%
Term
10 years
Monthly payment
$630/mo
$60,000
Total cost
$84,173
APR
4.78%
Term
15 years
Monthly payment
$468/mo
$60,000
Total cost
$75,595
APR
4.78%
Term
10 years
Monthly payment
$630/mo
$60,000
Total cost
$75,595
APR
4.78%
Term
10 years
Monthly payment
$630/mo
$60,000
Total cost
$84,173
APR
4.78%
Term
15 years
Monthly payment
$468/mo
$60,000
Total cost
$93,292
APR
4.78%
Term
20 years
Monthly payment
$389/mo
$60,000
Total cost
$67,574
APR
4.78%
Term
5 years
Monthly payment
$1,126/mo
$60,000
Total cost
$75,595
APR
4.78%
Term
10 years
Monthly payment
$630/mo
$60,000
Total cost
$93,292
APR
4.78%
Term
20 years
Monthly payment
$389/mo
$60,000
Total cost
$67,574
APR
4.78%
Term
5 years
Monthly payment
$1,126/mo
$60,000
Total cost
$75,595
APR
4.78%
Term
10 years
Monthly payment
$630/mo
$60,000
Total cost
$84,173
APR
4.78%
Term
15 years
Monthly payment
$468/mo
$60,000
Total cost
$75,595
APR
4.78%
Term
10 years
Monthly payment
$630/mo

Illustrative purposes, actual results may vary.

Pre-qualified rates are not a firm offer of credit.description

The latest rates from Sparrow’s partners

If you want to skip pre-qualification and apply directly with a lender, you can do so by clicking Apply below.
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Compare your personalized, pre-qualified rates from lenders in minutes.

Find my rate

Student Loan Refinancing FAQs

Updated January 1, 2023

Tired of seeing rate ranges and not knowing where you fall in the range?  Sparrow allows you to compare real student loan refinancing rates through a single form.  Think of Sparrow as the Expedia of student loan refinancing.

With Sparrow, you can compare real repayment plans from multiple lenders side-by-side so you know exactly how each loan stacks up when it comes to APR, monthly repayment, total repayment amount, and repayment options.

Refinancing your student loans means you’re essentially trading in your current student loan(s) for a newer one – often with a new principal and a different interest rate. Your lender uses the newer loan to pay off the old one(s), so you’re left with just one loan and one monthly payment.

There are several reasons why you might want to refinance, including: 

  • Getting out of debt faster
  • Lowering your monthly payment
  • Saving on the total cost of your loan

We’ve hand-selected our lending partners to offer maximum coverage and ensure that every borrower has an opportunity to find affordable refinancing on Sparrow.

While criteria varies by lender, in general, you need a good credit score (in the high 600s or above) and a stable income of at least $24,000 to be eligible to refinance your student loans with private lenders.

To determine your eligibility, complete our three minute application form and, if you’re eligible, you’ll instantly receive personalized rates on your Dashboard from all the lending partners with whom you pre-qualify.

Yes, some of our lending partners provide options for borrowers with eligible student loans who didn’t graduate and are no longer enrolled in school.

Yes, some of our lending partners allow you to refinance while you’re still in school. With that said, most lenders require you to have graduated in order to be eligible to refinance.

Our lending partners will refinance both federal and private student loans. You may refinance student loans for which you’re either the primary borrower or cosigner.

If you’re refinancing federal loans, please be aware that your federal benefits may not transfer to private lenders when you refinance.

Our lending partners determine interest rates by looking at the following factors (among other criteria):

  1. Credit score: Lenders use your credit score and history to set interest rates. The better your credit, the more likely a lender is willing to refinance your loans at a lower rate. Lenders generally require a credit score in the good-to-excellent range, which means a score of at least 650 — but the higher, the better.
  2. Income: Lenders look at your income to ensure you’re making enough money to pay back the loan over time. As a general rule of thumb, the higher your income, the more likely you’ll be eligible to refinance your student loans. 
  3. Other debts: Lenders want to see that you can handle all of your debt payments. If you have an excessive amount of other debts, it could prevent you from getting approved for a student loan refinancing, even if your credit history, employment situation, and income are up to par.
  4. Repayment terms: The repayment terms you choose on your student loan refinancing will also influence the interest rates you’re offered. For instance, lenders commonly offer variable interest rates. Choosing a variable rate may get you a lower introductory APR than a fixed-rate loan, but the variable rate might increase in the future. You may also receive a lower interest rate if you choose a shorter repayment period.

The refinancing limit varies from lender to lender, but most lenders require a minimum loan size of $5,000 and a maximum loan size of $500,000. Higher loan sizes may only be available to borrowers meeting certain criteria (stable income and high credit score). 

If you’re interested in refinancing your federal student loans, the first step is to check your rate with Sparrow! 

Checking your rate will give you an understanding of the new interest rates and monthly payment options available to you by refinancing through our lending partners. 

Checking your rate with Sparrow doesn’t impact your credit score. If refinancing makes sense for your situation, you can complete the rest of your online application and start saving.

You can refinance your student loans as often as you’d like! Requesting refinancing on Sparrow is completely free and doesn’t impact your credit score.

We recommend refinancing if your credit score or income increases significantly, or if interest rates go down. These are signs that you could receive a loan with lower interest rates, which could help you save thousands on your student loans.

No, there are zero fees to use Sparrow. Sparrow is completely free for all borrowers. 

Some lenders require that loans be out of forbearance or deferment and others don’t. Filling out Sparrow’s free three minute form will help you figure out which, if any, lenders you’re eligible with.

Yes!  International borrowers can use Sparrow to receive pre-qualified rates from 17+ different lenders. Two of our lending partners focus specifically on international student loans, and several other lenders allow international students to borrow if they have a qualified cosigner.

We partner with four types of student loan refinancers: (i) banks (ii) financial technology companies (iii) credit unions and (iv) state agencies. The broader the network of lenders, the more competitive the rates.

Our lending partners offer private student loans for undergraduate and graduate degrees with repayment terms from 5 to 20 years. You can find out more about our lending partners by reading the lender reviews on Sparrow Articles.

Student loan refinancing may take anywhere from a few days to a few weeks, depending on whether the lender requests additional information from you. 

Once you’re approved for refinancing, the private lender will pay off your federal loan(s) in full and issue you a single new loan, with a new interest rate.

When refinancing, lenders disburse the funds directly to your previous lender/servicer directly. 

You’re not required to have a cosigner to use Sparrow. However, if you’ve a limited or poor credit history and minimal income, adding a creditworthy cosigner can improve your chances of qualifying for a loan.

Just like for borrowers, it takes just three minutes for a cosigner to include themselves on a pre-qualification request.