Last updated on April 4th, 2020 at 11:08 am

When it comes to reviewing the best banks for refinancing student loans, we’ve got you covered.

There are just a few requirements that need to be met for eligibility. These include whether you have a college degree, annual income, what your credit score is and your savings.

Now let’s take a look at those 7 top banks for refinancing student loans:

LenderInterest RatesVisit
Fixed: 4.25% – 8.77%
Variable: 3.5% – 8.72%
Visit Earnest
Fixed: 3.39%-7.75%
Variable: 1.90%-8.55%
Visit Lendkey

Fixed: 3.59% – 6.69%
Variable: 2.39% – 6.01%

  Visit ELFi
SoFiFixed: 4.25% – 8.77%
Variable: 3.50% – 8.70%
  Visit SoFi
Laurel RoadFixed: 3.20% – 7.02%
Variable: 1.99% – 6.65%
  Visit Laurel Road
Citizens BankFixed: 3.08% – 8.75%
Variable: 2.09% – 8.57%
  Visit Citizens Bank
Commonbond Fixed: 3.21% – 6.45%
Variable: 1.76% – 6.45
Hybrid: 4.34% – 6.25%
Visit Commonbond

Top 7 Banks Compared 

Please note: All rates listed on this page are current as of 03/19/2020. This College Life makes money from some of our partners listed below. For more detail on that, take a look at how we make money here.

Earnest gives you some of the best options for customizing terms along with very competitive starting variable rates.

Overview of Earnest refinancing offerings:

Visit Earnest

LendKey is the best option for those who want refinancing through a local bank or credit union

Overview of LendKey:

Visit Lendkey

Education Loan Finance (or ElFI) is offered through a special program from SouthEast bank.

Overview of ELFI refinancing offerings:

Visit ELFi


Started by Stanford grad students, SoFi was designed to help other undergrad and graduate students get out of debt.

Overview of SoFi refinancing offerings:

Visit SoFi

Laurel Road

Laurel Road is one of the best refinancing companies out there for doctors and dentists. We have it in this place on the list because there just aren’t that many graduates from medical and dental school, so we don’t feel like it needs to be front and center where the refinancing companies are that can serve a larger number students. It’s still an excellent choice.

Overview of Laurel Road refinancing offerings:

Visit Laurel Road

Citizens Bank

Not a U.S. citizen or current graduate? Citizens Bank might have your back.

Overview of Citizens Bank refinancing offerings:

Visit Citizens Bank


The team at Commonbond has been offering students opportunities for refinancing their loans since 2012.

Overview of Commonbond refinancing offerings:

Visit Commonbond

Before you do anything:

In any major financial decision making process, be sure to evaluate multiple sources, reviews and any available news on the companies you plan to deal with. This information is provided solely for educational purposes and is not meant to be taken as financial advisory services.

Commonbond disclaimer.

Education Loan Finance terms.

SoFi disclaimer.

Laurel Road terms.

Earnest terms.

Citizens Bank terms and conditions.

Lendkey disclaimer.