Home Degree 7 of the Best Student Loan Refinance Companies

7 of the Best Student Loan Refinance Companies

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1. Advantage Education Loan

Advantage Education Loan offers Advantage Refinance Loans to borrowers who are U.S. citizens or noncitizens with proof of residency card. They also allow borrowers to apply for cosigner release after 36 months of consecutive on‐time payments.

They also offer death and disability discharge and has standard and graduated repayment plans available

2. Brazos

Brazos offers refinancing to borrowers who reside in Texas. They also offer economic hardship forbearance, which allows borrowers to defer payment for three months at a time, with a cumulative maximum of 12 months.

3. Citizens Bank

Citizens Bank offers refinancing to all U.S. residents and permanent residents, as well as resident aliens (with an eligible cosigner). They allow borrowers to apply for cosigner release after 36 monthly payments.

They also offer economic hardship forbearance, which allows borrowers to defer payment for two months at a time, with a cumulative maximum of 12 months.

4. College Ave

College Ave offers refinancing to all U.S. residents and permanent residents except for residents in Maine.

They offer super flexible terms (a total of 15) to give you more options when it comes to repayment.

5. ELFI

Education Loan Finance (ELFI) is a student loan debt consolidation program offered by SouthEast Bank. They offer temporary forbearance of up to 12 months for financial hardship.

If facing a medical difficulty, borrowers may be granted forbearance at the discretion of SouthEast Bank, as well.

6. INvestEd

INvestEd offers refinancing to Indiana residents and U.S. residents attending eligible Indiana schools.

They allow borrowers to apply for cosigner release after 48 months of on-time payments. INvestEd also offers hardship forbearance for up to three months at a time, with a cumulative maximum of 24 months.

7. MEFA

Massachusetts Educational Financing Authority (MEFA) doesn’t just offer private loans to those in Massachusetts; residents from any state can apply.

Borrowers who take out a MEFA Education Refinancing Loan get convenient online account access for loan payments as well as access to helpful videos and documentation.

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