Fund Your Future

Student Loan Refinance2023-03-30T16:58:46-05:00
CUTOUT Student Choice 2020 proof 320

Take Control

of your Student Loan Repayment

Find out how much you could save by refinancing your student loans with a credit union.

Rates starting at 5.75% APR* variable and 4.50% APR fixed.

Why Refi with a Credit Union?


Great rates, flexible terms

Credit union members become owners of the financial cooperative and benefit from competitive rates, flexible repayment, and exceptional service.


People before profits

Credit unions return value to their members, rather than investors, with benefits like lower loan rates and higher savings rates.

No Gimmicks

Real rates, no credit pull

By asking a few simple questions, we help you estimate your interest rate and payment before you apply without impacting your credit score.

Credit Union Partners
Families Helped
Loans Refinanced
Years of Experience

Refinancing your student loans can help you save on interest or get a lower payment. Estimate your rate and payment without a credit pull.


rates starting at






rates starting at





Not ready to apply yet?

How it Works

These are just a few of our partners – find your rate to see even more!

Borrower Testimonials

Here’s what real borrowers with real savings have to say.



Northern Credit Union was there for me when I went away to college. Even when transferred schools, they made the process a breeze! After graduating, I took a teaching job in the local area. They worked with me to refinance my loans into one payment and get my co-signer off my old student loans! I’m truly grateful they were able to help me through the process.



I graduated with a great deal of student debt and joined KEMBA Financial for the sole purpose of trying to pay them down quicker. In addition to refinancing my loans, they helped me get a handle on my financial situation. I had such a great experience that I moved all of my accounts, and I’ve been happy ever since. The best part is that I’ll be debt free in less than 6 months!



Working with Lebanon FCU has helped me organize my finances all into one place. My experience with the credit union has helped me prepare and set myself up for a stable financial future. My education has helped me improve my life and make great connections that will help me succeed in my career. None of this would have been possible if not for LFCU!

$50 for you, $50 for a friend.

Have a good experience? Refer a friend!
If they choose to refi their student loans, you both get $50!

Frequently Asked Questions

IMPORTANT: Federal student loan payments and interest remain paused pending the outcome of legal challenges to the Biden Administration’s proposed federal student loan debt relief measures. For details on when payments may restart, visit Carefully consider your options before refinancing federal student loans, as they will no longer qualify for current and future federal benefits once refinanced with a private lender.

By lowering your interest rate or leveraging a better repayment term, refinancing your student loans (such as private, federal, and/or PLUS loans) could help you save money in the long run or pay them off sooner. Make sure to remember that if you refinance some or all of your federal student loans into a private student loan with the credit union, you will lose access to any current or future federal student loan benefits, such as potential debt cancellation or income-driven repayment options. With the recent announcement from the Biden administration, it’s more important than ever to evaluate your options if you have federal student loans so that you can make educated decisions. For more information, check out these helpful resources:

Can my cosigner be released at a later date?2022-02-25T08:59:13-06:00

Many of our credit union lenders offer a cosigner release option based on on-time payment history and other requirements. We recommend reviewing specific criteria on the credit union lender’s website.

What is the difference between a fixed and variable rate?2022-01-28T15:52:35-06:00

Fixed Interest Rate

A fixed rate loan is exactly as it sounds – the interest rate is fixed, or stays the same, for the entire life of your loan.

Pros: You’ll know what your interest rate is and won’t have to worry about fluctuations down the road.

Cons: The tradeoff for knowing what your rate will be for the long haul is that it is often a higher rate to start than a variable rate option.

Variable Interest Rate

When you select a variable rate loan, your interest rate will fluctuate over time based on the current index rate. Your lender adds a percentage to that base according to your credit score and history, and there is usually a limit or “ceiling rate” on how high your rate can go if the index increases.

Pros: Variable rate options are typically lower than fixed rate at the start of your loan. Additionally, if the index decreases in the future, so will your interest rate.

Cons: There is risk involved; while your rate could go down, it could also increase, meaning you will pay more in interest over time.

Do I have to refinance all my student loans?2021-10-20T14:54:01-05:00

You can refinance all or some of your student loans – whichever option is best for you. Some borrowers choose not to refinance their federal student loans so they can hold on to existing benefits such as income based repayment plans or loan forgiveness.

When can I refinance my student loans?2021-11-24T09:46:13-06:00

Your student loans can be refinanced if they are in grace or repayment after you’ve graduated from an approved school.

Can I refinance loans I’ve previously refinanced?2021-10-20T14:51:23-05:00

Yes! If you have previously refinanced some or all of your student loans, you may wish to refinance again to take advantage of a lower rate.

Should I continue making payments while my refinance application is in process?2022-02-09T09:54:29-06:00

Yes, you should continue to make your payments while your application is in process. You will be notified when the funds have been sent to the applicable servicers.

What should I know about the CARES Act and refinancing federal student loans?2021-05-07T10:10:03-05:00

The CARES Act was passed in response to events related to the Coronavirus pandemic and includes broad relief measures for federal student loan borrowers. If you are considering refinancing your federal student loans, please make sure to review these measures at to understand your options.

What kind of loans can I refinance?2021-10-04T11:28:47-05:00

All loans being refinanced must be post separation from school.

Federal Education Loans:

  • Federal Family Education Loan Program (FFELP)
  • Subsidized or Unsubsidized (aka Stafford Loan)
  • Grad or Parent PLUS William D. Ford Direct Loan Program Subsidized or Unsubsidized (aka Direct Stafford Loan)
  • William D. Ford Direct Loan Program Undergraduate, Grad or Parent PLUS
  • Perkins, Nursing or Health Education Assistance (HEAL)
  • Consolidation

If you choose to refinance a federal loan, you will lose federal student loan benefits such as income driven repayment or loan forgiveness options that may be available on your current federal loan(s). In addition, federal student loans offer deferment and forbearance options that may not be available to you if you take out a private refinance loan. You may qualify for a Federal Direct Consolidation Loan. For additional information about a consolidation option for federal loans, contact the Department of Education at: See disclaimers for more details.

Private Education Loans: 

  • Undergrad
  • Graduate
  • Consolidation

Institutional Education Loans: 

  • Undergrad
  • Graduate
  • Consolidation
What is the difference between consolidation and refinancing?2021-05-19T14:09:54-05:00

Consolidation means you are simply combining existing loans. Your total payment amount and total interest will likely remain the same, but you’ll have the convenience of making one payment rather than multiple payments. This type of loan is usually associated with federal government student loans.

When you refinance, you are taking out a single new loan to pay off your old ones. You’ll probably have a new interest rate, new terms, and a different monthly payment amount. This is the loan solution offered by your credit union.

Do I have to be a credit union member?2022-01-28T15:46:17-06:00

You do not need to be a member to start the application, but you will need to be a member of the credit union before you can receive funding.

Need to find a credit union? We can match you with some options.

Guide to Refinance

Everyone’s student loan situation is unique, and figuring out where to start can be tough. Learn more about your options and decide if refinancing is right for you!

StudentChoice GuideToRefinance cover
  • The pros and cons to student loan refinance
  • The difference between student loan refinance and consolidation
  • Helpful resources to determine your student loan refinance options
  • Information to help you decide if refinancing your student loans is right for you

Don’t want to wait to find your rate?

Using the free student loan payment calculator does not constitute an offer to receive a loan and will not solicit a loan offer. Any payments and savings will depend on the actual amounts for which you are approved, should you choose to apply. This calculator is provided for educational purposes only and should not be relied upon as financial advice. Always consult your credit union or financial advisor when making your decision.

*APR = Annual Percentage Rate. Rates shown include a 0.25% discount for optional enrollment in automatic electronic payments. Variable rates subject to increase after consummation.

Subject to credit qualification and additional criteria, including graduating from an approved school.

Due to the ongoing pandemic, the federal government has temporarily paused payments and interest on federal student loans. The U.S. Department of Education has announced this pause will end soon. Visit for the latest information. Remember that by refinancing federal student loans, you may lose certain borrower benefits from your original loans. These may include interest rate discount, principal rebates, or some cancellation/forgiveness benefits that can significantly reduce the cost of repaying your loans. Please consider these benefits carefully when considering your options for refinancing federal student loans.

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