10 Best Banks for College Students

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Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print to help you understand what you are buying. Be sure to consult with a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time.

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best banks for college students

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The ideal student bank account has low fees, top-notch customer service and a sweet sign-up bonus.

College students often look for specific perks, such as a user-friendly mobile app or the ability to bank easily in both their college town and hometown.

It can be a drag to switch banks, so choosing one that will serve you freshman year and beyond should be a consideration. Here are our picks for the top 10 best banks for college students. (Scroll to the bottom to see the criteria we used.)

10 best banks for college students

Here is our alphabetical list of the 10 best banks for college students:

Ally Bank
Axos Bank
Bank of America
Capital One 360
Chase Bank
Discover Bank
PNC Bank
TD Bank

Ally Bank (Interest Checking and Online Savings)

  • No minimum opening deposit
  • No monthly maintenance fees
  • Maximum overdraft fee of $25 a day
  • Up to $10 in out-of-network ATM fee reimbursements per statement cycle (Interest Checking)

Ally Bank doesn’t offer a student-specific checking or savings account, but its Interest Checking and Online Savings accounts are both smart choices for college students.

Since it’s an online bank, you’ll have to be comfortable working with a company that doesn’t have physical locations. But through its Interest Checking account, you’ll have access to more than 55,000 ATMs worldwide through the Allpoint network. If you do use an ATM outside the network and incur a fee, Ally Bank will reimburse you up to $10 per statement cycle.

Ally Bank also charges no maintenance fees and a maximum of $25 a day on overdrafts, compared to banks that may charge a fee every time you try to make a transaction.

Axos Bank (Rewards Checking)

  • $50 minimum opening deposit
  • No monthly maintenance or overdraft fees
  • Competitive interest rates if you meet certain conditions
  • Unlimited ATM fee reimbursements in the U.S.

Axos Bank is an online bank previously known as Bank of Internet USA. It offers a Rewards Checking account with some of the lowest fees around. College students will benefit from its ATM fee reimbursements and lack of overdraft fees.

You have the opportunity to earn higher-than-average interest rates on money you keep in the account if:

  • You receive direct deposits of $1,000 or more each month
  • You use your debit card at least 10 times
  • You use your debit card an additional 5 times

You won’t have access to in-person support at bank branches, though.

Bank of America (Advantage SafeBalance and Advantage Plus)

  • $25 (Advantage SafeBalance) or $100 (Advantage Plus) minimum opening deposit
  • No overdraft fees (Advantage SafeBalance) as transactions are declined for insufficient balances
  • No monthly maintenance fees for enrolled students younger than 24
  • Access to a wide network of branches for in-person customer service

If being able to get help at a physical bank is important to you, opting for a retail bank with lots of locations may be your best bet. Bank of America has more than 4,400 branches and 16,000 ATMs across the U.S. But for that convenience, you’ll generally pay higher fees than what online-only banks offer. Bank of America offers a few ways to avoid them as long as you closely read your schedule of fees.

You’ll pay an ATM fee of at least $2.50 at non-Bank of America ATMs. The bank’s Advantage SafeBalance and Advantage Plus checking accounts both waive monthly maintenance fees for enrolled college students younger than 24. You’ll lose that perk when you turn 25, but you can avoid maintenance fees by meeting certain conditions, such as receiving qualifying direct deposits.

The Advantage SafeBalance checking account doesn’t offer overdraft services — transactions will be automatically declined if you don’t have the funds to cover them — or access to paper checks. The Advantage Plus checking account offers overdraft protection, if you opt in for the service. Overdrafts carry a $35 fee, which can be charged up to four times a day.

Capital One 360 (360 Checking and 360 Performance Savings)

  • No minimum opening deposit
  • No monthly maintenance fees
  • Free withdrawals at Capital One locations and Allpoint ATMs (360 Checking)
  • Overdraft fee of $35 on each transaction over $5.01; only assessed if you enroll in overdraft protection (360 Checking)

Another online option open to students and non-students, Capital One offers 360 Checking and 360 Performance Savings accounts with limited fees.

The Capital One 360 Checking account provides multiple overdraft options, including the ability to automatically decline all transactions you don’t have enough account funds to cover. That means avoiding overdraft fees altogether.

This is a solid online bank to use throughout college and after, since its features make it a competitive option for ongoing banking.

Chase Bank (College Checking)

  • $100 sign-up bonus for new customers with qualifying activities
  • No monthly maintenance fees for enrolled college students
  • No monthly maintenance fee on a linked Chase Savings account when used for overdraft protection
  • Access to physical branches for in-person customer service

Chase Bank has 16,000 ATMs and almost 5,000 branches, which are useful if you value being able to speak directly with a banker. Its College Checking account waives monthly maintenance fees for college students ages 17 to 24 for up to five years while in college. It also rewards you with a $100 sign-up bonus if you’re a new Chase customer and you make 10 qualifying transactions within 60 days of opening the account.

Make sure to keep an eye on other fees, though. Overdrafts carry a $34 fee, which Chase can charge you up to three times a day on items above $5. That makes it worthwhile to sign up for a linked Chase Savings account, which you can use as a backup to cover overdrafts. Banks that automatically decline charges you can’t afford are generally a better bet for college students since that also means avoiding overdraft fees.

After five years in college or when you’re no longer a student, you can avoid maintenance fees by getting direct deposits posted to the account or keeping a daily balance of at least $5,000.

Discover Bank (Cashback Debit)

  • No minimum opening deposit
  • No monthly maintenance fees
  • 1% cash back on up to $3,000 in debit card purchases each month
  • No Discover Bank fees on out-of-network ATMs

Discover Bank’s Cashback Debit online checking account will credit you up to $360 a year in cash back for using your debit card. That’s money you can transfer to savings or can give you peace of mind if you’re worried about an overdraft. It’s a unique feature in a checking account — most cashback cards are credit cards, which can be tough to qualify for as a college student with little credit history.

Students will appreciate Discover Bank’s lack of fees, too. You’ll get access to more than 60,000 in-network ATMs, and Discover Bank won’t charge you if you use an out-of-network kiosk. The ATM operator could charge you a fee, but you’ll still save with Discover Bank’s policy.

PNC Bank (Virtual Wallet Student)

  • No minimum opening deposit if you open an account online
  • No monthly maintenance fees for the first six years
  • Two ATM fee reimbursements a month; up to $5 in other banks’ ATM surcharges reimbursed per month
  • Additional interest-bearing checking account and savings account automatically bundled with primary checking account

PNC Bank’s Virtual Wallet Student offers college students three bank accounts: two checking accounts, one of which earns interest, and a savings account that earns interest, too.

PNC’s student accounts have a few features that make it stand out from other big-bank competitors: It reimburses two of its own non-PNC ATM fees per month, and it will also cover other ATMs’ surcharges of up to $5 a month.

But PNC’s out-of-network ATM fees are a costly $3, compared with $2.50 at Bank of America and Chase. Its overdraft fees are $36, which are also steep, but PNC will refund your first overdraft fee.

Simple (Online Checking and Protected Goals)

  • No monthly maintenance fees
  • No fees on out-of-network ATMs
  • Competitive interest rates (Protected Goals)
  • Mobile-oriented account interface and budgeting tools

If you’re comfortable with an online- and mobile-only bank, Simple could be a good choice. Its fees are minimal and easy to understand: It doesn’t charge any monthly maintenance fees or overdraft fees (it will typically decline transactions your account won’t cover).

You’ll have access to the Allpoint network of ATMs, and if you use one that’s out of network, Simple won’t charge you a fee (though the ATM operator could, and those fees won’t be reimbursed). Simple provides in-app budgeting tools, which can give you a useful overview of your spending habits, and a checking account (Protected Goals) with competitive interest rates.

If you need to deposit cash, you can fill out a money order or transfer money from another account to Simple. You can also deposit checks and set up direct deposits in the account just like you can at other banks.

TD Bank (Convenience Checking)

  • No minimum opening deposit
  • No monthly maintenance fees for students younger than 24
  • No monthly maintenance fees on a linked Simple Savings account if younger than 24
  • Overdraft protection transfer fees waived for students younger than 24

If you’re looking for access to TD Bank’s network of branches and ATMs on the East Coast, you might consider opening a Convenience Checking account for students.

You won’t pay maintenance fees while you’re a student younger than 24 for the first five years, after which you can avoid fees by keeping at least $100 in the account each day.

You will pay a fee of $3 for using a non-TD Bank ATM, plus any fees the ATM owner charges, so this is a better bet if both your home and school are in TD Bank’s service area. You’ll also need to be extra wary of overdrafts, which come with a $35 fee and can be charged up to five times a day. Up to age 24 on this account that doubles as Student Checking, you won’t pay an additional overdraft transfer fee of $3.

USAA (Classic Checking or Cashback Rewards Checking)

  • No monthly maintenance fees
  • No fees on first 10 ATM withdrawals at non-USAA ATMs
  • Cash back on debit card purchases (Cashback Rewards Checking)
  • Up to $15 in other banks’ ATM fees reimbursed each month (Classic Checking)

USAA provides financial products to service members and eligible family members. You can join if you are currently serving in the:

  • Air Force
  • Army
  • Coast Guard
  • Marines
  • Navy
  • National Guard
  • Reserves

Veterans, cadets and midshipmen are also eligible. If you’re eligible, the Classic Checking and Cashback Rewards Checking accounts come with low fees. USAA has fewer financial centers than the bigger banks, but you’ll get access to 10 fee-free ATM withdrawals a month at Allpoint, PNC Bank and MoneyPass ATMs.

Both accounts require a minimum opening balance of $25, or $0 if you’re a new military recruit. You can earn interest if your Classic Checking account’s daily balance is $1,000 or more. Cashback Rewards Checking accounts don’t earn interest, but they offer 10 cents in cash back on every debit card purchase.

To get overdraft protection, you’ll have to opt in. There typically are no overdraft transfer fees and no additional fees if you link your checking account to another USAA checking or savings account. USAA will also automatically decline debit card transactions and ATM withdrawals if you don’t have sufficient funds to cover. Some overdrafts — as a result of a payment by check, for instance — may incur a $29 overdraft fee.

Credit unions and other alternatives

It’s worthwhile to consider local or national credit unions as alternatives to traditional or online banks. Since a primary goal of credit unions is to support and invest in their communities, they typically offer members financial products with limited fees.

When you open a checking or savings account, you could also gain access to other financial products. Some credit unions also offer private student loans and personal loans, potentially with lower interest rates than what you’d find at traditional banks.

You may need to meet certain requirements to join a credit union, such as living or working in a particular place or making a donation to a partner nonprofit. You may prefer to use a checking account linked to a parent or guardian while in college. You can include the person as a co-account owner if that’s a priority for you.

What college students should look for in a bank

  • Examine all the fees you may be charged now and after you graduate
  • Explore what type of account yours might transition to once you’re not a student or don’t meet the requirements, and whether it’s likely to be a good fit for you
  • Take stock of your lifestyle and how easy it is to withdraw fee-free money or deposit cash from your account

Once you’ve decided on a bank, it’s time to focus on building your credit, which will put you on a strong footing when it’s time to rent an apartment, buy a car or get a credit card. That could mean joining a parent’s credit card account as an authorized user or using a secured credit card that requires a deposit to open the account.

Banking is just one part of your financial life. After you’ve worked hard to pick one that works for you, you’ll gain confidence to explore other aspects of your finances.


Our primary criteria:

  • No or low minimum opening deposits
  • No account maintenance fees, or easy ways to avoid them
  • Wide ATM network
  • Low likelihood of incurring overdraft fees, ideally by declining charges that would lead to an overdraft
  • Easy-to-use mobile and online banking options

Our secondary criteria:

  • Customer satisfaction
  • Reimbursement for — or no charges on — out-of-network ATM fees
  • Competitive interest rates on checking and linked savings accounts
  • Availability of in-person support at bank branches
  • Access to “nice-to-have” features, such as budgeting tools and cash back

Student Loan Hero didn’t assign a number valuation, but we chose banks by balancing the relative importance of our criteria.

For instance, national retail banks lack the competitive maintenance, overdraft and ATM fees that an online-only bank can offer. But those new to banking may value a name they know and potentially trust, and they may want to speak to a banker in person occasionally.

The information in this article is accurate as of the date of publishing. For up-to-date information, please visit the Bank’s website.

Elyssa Kirkham contributed to this report.

Interested in refinancing student loans?

Here are the top 8 lenders of 2020!
LenderVariable APREligible Degrees 
Check out the testimonials and our in-depth reviews!
1 Important Disclosures for Earnest.

Earnest Disclosures

To qualify, you must be a U.S. citizen or possess a 10-year (non-conditional) Permanent Resident Card, reside in a state Earnest lends in, and satisfy our minimum eligibility criteria. You may find more information on loan eligibility here: https://www.earnest.com/eligibility. Not all applicants will be approved for a loan, and not all applicants will qualify for the lowest rate. Approval and interest rate depend on the review of a complete application.

Earnest fixed rate loan rates range from 3.03% APR (with Auto Pay) to 6.38% APR (with Auto Pay). Variable rate loan rates range from 1.89% APR (with Auto Pay) to 6.38% APR (with Auto Pay). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 8.95% for loan terms 10 years or less. For loan terms of 10 years to 15 years, the interest rate will never exceed 9.95%. For loan terms over 15 years, the interest rate will never exceed 11.95% (the maximum rates for these loans). Earnest variable interest rate loans are based on a publicly available index, the one month London Interbank Offered Rate (LIBOR). Your rate will be calculated each month by adding a margin between 1.82% and 5.50% to the one month LIBOR. The rate will not increase more than once per month. Earnest rate ranges are current as of February 4, 2020, and are subject to change based on market conditions and borrower eligibility.

Auto Pay discount: If you make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account, your rate will be reduced by one quarter of one percent (0.25%) for so long as you continue to make automatic, electronic monthly payments. This benefit is suspended during periods of deferment and forbearance.

The information provided on this page is updated as of 2/04/2020. Earnest reserves the right to change, pause, or terminate product offerings at any time without notice. Earnest loans are originated by Earnest Operations LLC. California Finance Lender License 6054788. NMLS # 1204917. Earnest Operations LLC is located at 302 2nd Street, Suite 401N, San Francisco, CA 94107. Terms and Conditions apply. Visit https://www.earnest.com/terms-of-service, email us at hello@earnest.com, or call 888-601-2801 for more information on our student loan refinance product.

© 2018 Earnest LLC. All rights reserved. Earnest LLC and its subsidiaries, including Earnest Operations LLC, are not sponsored by or agencies of the United States of America.

2 Important Disclosures for SoFi.

SoFi Disclosures

  1. Student loan Refinance: Fixed rates from 3.20% APR to 6.48% APR (with AutoPay). Variable rates from 2.31% APR to 6.48% APR (with AutoPay). Interest rates on variable rate loans are capped at either 8.95% or 9.95% depending on term of loan. See APR examples and terms. Lowest variable rate of 2.31% APR assumes current 1 month LIBOR rate of 1.81% plus 0.75% margin minus 0.25% for AutoPay. If approved for a loan, the fixed or variable interest rate offered will depend on your credit history and the term of the loan and will be within the ranges of rates listed above. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. See eligibility details. The SoFi 0.25% AutoPay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. *To check the rates and terms you qualify for, SoFi conducts a soft credit inquiry. Unlike hard credit inquiries, soft credit inquiries (or soft credit pulls) do not impact your credit score. Soft credit inquiries allow SoFi to show you what rates and terms SoFi can offer you up front. After seeing your rates, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit inquiry. Hard credit inquiries (or hard credit pulls) are required for SoFi to be able to issue you a loan. In addition to requiring your explicit permission, these credit pulls may impact your credit score. Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.

3 Important Disclosures for Figure.

Figure Disclosures

Figure’s Student Refinance Loan is a private loan. If you refinance federal loans, you forfeit certain flexible repayment options associated with those loans. If you expect to incur financial hardship that would impact your ability to repay, you should consider federal consolidation alternatives.

4 Important Disclosures for Laurel Road.

Laurel Road Disclosures

Laurel Road is a brand of KeyBank National Association offering online lending products in all 50 U.S. states, Washington, D.C., and Puerto Rico. Mortgage lending is not offered in Puerto Rico. All loans are provided by KeyBank National Association.
As used throughout these Terms & Conditions, the term “Lender” refers to KeyBank National Association and its affiliates, agents, guaranty insurers, investors, assigns, and successors in interest.

This term represents the actual cost of financing to the borrower over the life of the loan expressed as a yearly rate.


There are no origination fees or prepayment penalties associated with the loan. Lender may assess a late fee if any part of a payment is not received within 15 days of the payment due date. Any late fee assessed shall not exceed 5% of the late payment or $28, whichever is less. A borrower may be charged $20 for any payment (including a check or an electronic payment) that is returned unpaid due to non-sufficient funds (NSF) or a closed account.


For bachelor’s degrees and higher, up to 100% of outstanding private and federal student loans (minimum $5,000) are eligible for refinancing. If you are refinancing greater than $300,000 in student loan debt, Lender may refinance the loans into 2 or more new loans.
For eligible Associates degrees in the healthcare field (see Eligibility & Eligible Loans section below), Lender will refinance up to $50,000 in loans for non-ParentPlus refinance loans. Note, parents who are refinancing loans taken out on behalf of a child who has obtained an associates degrees in an eligible healthcare field are not subject to the $50,000 loan maximum, refer to https://www.laurelroad.com/refinance-student-loans/refinance-parent-plus-loans/ for more information about refinancing ParentPlus loans.


Borrower, and Co-signer if applicable, must be a U.S. Citizen or Permanent Resident with a valid I-551 card (which must show a minimum of 10 years between “Resident Since” date and “Card Expires” date or has no expiration date); state that they are of at least borrowing age in the state of residence at the time of application; and meet Lender underwriting criteria (including, for example, employment, debt-to-income, disposable income, and credit history requirements).

Graduates may refinance any unsubsidized or subsidized Federal or private student loan that was used exclusively for qualified higher education expenses (as defined in 26 USC Section 221) at an accredited U.S. undergraduate or graduate school. Any federal loans refinanced with Lender are private loans and do not have the same repayment options that federal loan program offers such as Income Based Repayment or Income Contingent Repayment.

All loans must be in grace or repayment status and cannot be in default. Borrower must have graduated or be enrolled in good standing in the final term preceding graduation from an accredited Title IV U.S. school and must be employed, or have an eligible offer of employment. Parents looking to refinance loans taken out on behalf of a child should refer to https://www.laurelroad.com/refinance-student-loans/refinance-parent-plus-loans/ for applicable terms and conditions.

For Associates Degrees: Only associates degrees earned in one of the following are eligible for refinancing: Cardiovascular Technologist (CVT); Dental Hygiene; Diagnostic Medical Sonography; EMT/Paramedics; Nuclear Technician; Nursing; Occupational Therapy Assistant; Pharmacy Technician; Physical Therapy Assistant; Radiation Therapy; Radiologic/MRI Technologist; Respiratory Therapy; or Surgical Technologist. To refinance an Associates degree, a borrower must also either be currently enrolled and in the final term of an associate degree program at a Title IV eligible school with an offer of employment in the same field in which they will receive an eligible associate degree OR have graduated from a school that is Title IV eligible with an eligible associate and have been employed, for a minimum of 12 months, in the same field of study of the associate degree earned.


The interest rate you are offered will depend on your credit profile, income, and total debt payments as well as your choice of fixed or variable and choice of term. For applicants who are currently medical or dental residents, your rate offer may also vary depending on whether you have secured employment for after residency.


The repayment of any refinanced student loan will commence (1) immediately after disbursement by us, or (2) after any grace or in-school deferment period, existing prior to refinancing and/or consolidation with us, has expired.


After loan disbursement, if a borrower documents a qualifying economic hardship, we may agree in our discretion to allow for full or partial forbearance of payments for one or more 3-month time periods (not to exceed 12 months in the aggregate during the term of your loan), provided that we receive acceptable documentation (including updating documentation) of the nature and expected duration of the borrower’s economic hardship.

We may agree under certain circumstances to allow a borrower to make $100/month payments for a period of time immediately after loan disbursement if the borrower is employed full-time as an intern, resident, or similar postgraduate trainee at the time of loan disbursement. These payments may not be enough to cover all of the interest that accrues on the loan. Unpaid accrued interest will be added to your loan and monthly payments of principal and interest will begin when the post-graduate training program ends.

We may agree under certain circumstances to allow postponement (deferral) of monthly payments of principal and interest for a period of time immediately following loan disbursement (not to exceed 6 months after the borrower’s graduation with an eligible degree), if the borrower is an eligible student in the borrower’s final term at the time of loan disbursement or graduated less than 6 months before loan disbursement, and has accepted an offer of (or has already begun) full-time employment.

If Lender agrees (in its sole discretion) to postpone or reduce any monthly payment(s) for a period of time, interest on the loan will continue to accrue for each day principal is owed. Although the borrower might not be required to make payments during such a period, the borrower may continue to make payments during such a period. Making payments, or paying some of the interest, will reduce the total amount that will be required to be paid over the life of the loan. Interest not paid during any period when Lender has agreed to postpone or reduce any monthly payment will be added to the principal balance through capitalization (compounding) at the end of such a period, one month before the borrower is required to resume making regular monthly payments.


This information is current as of November 8, 2019 and is subject to change.

5 Important Disclosures for Splash Financial.

Splash Financial Disclosures

Terms and Conditions apply. Splash reserves the right to modify or discontinue products and benefits at any time without notice. Rates and terms are also subject to change at any time without notice. Offers are subject to credit approval. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet applicable underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates are reserved for the highest qualified borrowers.

6 Important Disclosures for College Ave.

College Ave Disclosures

College Ave Student Loans products are made available through either Firstrust Bank, member FDIC or M.Y. Safra Bank, FSB, member FDIC. All loans are subject to individual approval and adherence to underwriting guidelines. Program restrictions, other terms, and conditions apply.

1College Ave Refi Education loans are not currently available to residents of Maine.

2All rates shown include autopay discount. The 0.25% auto-pay interest rate reduction applies as long as a valid bank account is designated for required monthly payments. Variable rates may increase after consummation.

3$5,000 is the minimum requirement to refinance. The maximum loan amount is $300,000 for those with medical, dental, pharmacy or veterinary doctorate degrees, and $150,000 for all other undergraduate or graduate degrees.

4This informational repayment example uses typical loan terms for a refi borrower with a Full Principal & Interest Repayment and a 10-year repayment term, has a $40,000 loan and a 5.5% Annual Percentage Rate (“APR”): 120 monthly payments of $434.11 while in the repayment period, for a total amount of payments of $52,092.61. Loans will never have a full principal and interest monthly payment of less than $50. Your actual rates and repayment terms may vary.

Information advertised valid as of 1/1/2020. Variable interest rates may increase after consummation.

7 Important Disclosures for CommonBond.

CommonBond Disclosures

Offered terms are subject to change. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900). If you are approved for a loan, the interest rate offered will depend on your credit profile, your application, the loan term selected and will be within the ranges of rates shown. All Annual Percentage Rates (APRs) displayed assume borrowers enroll in auto pay and account for the 0.25% reduction in interest rate. All variable rates are based on a 1-month LIBOR assumption of 1.68% effective January 10, 2020.

8 Important Disclosures for LendKey.

LendKey Disclosures

Refinancing via LendKey.com is only available for applicants with qualified private education loans from an eligible institution. Loans that were used for exam preparation classes, including, but not limited to, loans for LSAT, MCAT, GMAT, and GRE preparation, are not eligible for refinancing with a lender via LendKey.com. If you currently have any of these exam preparation loans, you should not include them in an application to refinance your student loans on this website. Applicants must be either U.S. citizens or Permanent Residents in an eligible state to qualify for a loan. Certain membership requirements (including the opening of a share account and any applicable association fees in connection with membership) may apply in the event that an applicant wishes to accept a loan offer from a credit union lender. Lenders participating on LendKey.com reserve the right to modify or discontinue the products, terms, and benefits offered on this website at any time without notice. LendKey Technologies, Inc. is not affiliated with, nor does it  endorse,  any educational institution.

Subject to floor rate and may require the automatic payments be made from a checking or savings account with the lender. The rate reduction will be removed and the rate will be increased by 0.25% upon any cancellation or failed collection attempt of the automatic payment and will be suspended during any period of deferment or forbearance. As a result, during the forbearance or suspension period, and/or if the automatic payment is canceled, any increase will take the form of higher payments. The lowest advertised variable APR is only available for loan terms of  5 years and is reserved for applicants with FICO scores of at least 810.

As of 12/019/2019 student loan refinancing rates range from 1.90% to 8.59% Variable APR with AutoPay and 3.49% to 7.75% Fixed APR with AutoPay.

1.89% – 6.38%1Undergrad
& Graduate

Visit Earnest

2.31% – 6.48%2Undergrad
& Graduate

Visit SoFi

1.93% – 6.68%3Undergrad
& Graduate

Visit Figure

2.29% – 6.65%4Undergrad
& Graduate

Visit Laurel Road

1.99% – 7.06%5Undergrad
& Graduate

Visit Splash

2.62% – 6.12%6Undergrad
& Graduate

Visit College Ave

1.77% – 6.25%7Undergrad
& Graduate

Visit CommonBond

1.90% – 8.59%8Undergrad
& Graduate

Visit Lendkey

Our team at Student Loan Hero works hard to find and recommend products and services that we believe are of high quality. We sometimes earn a sales commission or advertising fee when recommending various products and services to you. Similar to when you are being sold any product or service, be sure to read the fine print to help you understand what you are buying. Be sure to consult with a licensed professional if you have any concerns. Student Loan Hero is not a lender or investment advisor. We are not involved in the loan approval or investment process, nor do we make credit or investment related decisions. The rates and terms listed on our website are estimates and are subject to change at any time.