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How to Refinance Nelnet Student Loans

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When it comes to picking out your federal student loan servicer, unfortunately, you don’t have a say in the matter. The Department of Education has complete control, and it assigns all borrowers to one of nine student loan servicers.

But out of those nine servicers, four receive the overwhelming majority of loans. Often referred to as the “Big Four,” those federal loan servicers are FedLoan Servicing, Great Lakes, Navient and Nelnet.

As a member of the Big Four, Nelnet could likely be your loan servicer. In fact, the company services nearly 20% of all federal loans. If you’ve just been assigned to Nelnet, you may wonder what to expect.

For example, does Nelnet refinance student loans? Short answer: no. But knowing where Nelnet ranks compared to other federal loan servicers whether it’s worth refinancing your Nelnet student loans to a private lender is worth looking into. Read on to find out.

Table of Contents hide
1. Is Nelnet a good student loan servicer?
2. Can I switch from Nelnet to a different federal loan servicer?
3. Does Nelnet refinance student loans?
4. What to consider before you refinance Nelnet student loans
5. Picking the right lender when you refinance Nelnet student loans

Is Nelnet a good student loan servicer?

If you’ve been assigned Nelnet as your student loan servicer, you may have actually dodged a bullet. Yes, you’ve been assigned to one of the Big Four. But you can be thankful that you haven’t been assigned to Navient or FedLoan Servicing.

In a summer 2018 survey, Student Loan Planner® received 385 responses to its student loan servicer survey. Receiving 3.3 stars out of 5, Nelnet came far ahead of both FedLoan Servicing (2.8 stars) and Navient (2.7 stars).

In May 2019, Student Loan Planner® ranked each student loan servicer using complaint data from the Consumer Financial Protection Bureau (CFPB). Once again, Nelnet fared much better than Navient — which received an astounding 45% of all student loan servicing complaints — and FedLoan Servicing.

All that is good news if you have Nelnet as your servicer. But the bad news is that you could still run into issues.

While getting 3.3 stars out of 5 is better than getting 2.8 or 2.7, it’s still not great. And of the respondents to Student Loan Planner®’s survey who said they reached out to Nelnet for a problem, only 4 out of 10 said that they were able to get it resolved.

Related: The 3 Biggest Complaints Borrowers Have About Nelnet

Can I switch from Nelnet to a different federal loan servicer?

If you’ve had issues with Nelnet, you might wonder if you can just switch to a different servicer. Generally, the Department of Education doesn’t allow you to switch federal loan servicers. However, you can escape Nelnet by consolidating your federal student loans.

How to switch servicers with a Nelnet student loan consolidation

One time that you can pick a new servicer is when you consolidate multiple federal loans into a Direct Consolidation Loan. If you’re considering a Nelnet student loan consolidation, here are a few things to keep in mind:

  • You can only combine federal student loans during a Direct Consolidation Loan.
  • You can’t get a lower interest rate. Your new rate will be a weighted average of the interest rates on the loans being consolidated, rounded up to the nearest one-eighth of 1%.
  • You will lose credit for any qualifying monthly payments that you’ve already made toward income-driven repayment (IDR) forgiveness or Public Service Loan Forgiveness (PSLF).

With a Direct Consolidation Loan, you’ll be starting a repayment period from scratch and you can extend repayment up to 30 years. This could make your monthly payment lower, but you’ll usually pay more in interest over time.

In most cases, you should only consider a Nelnet student loan consolidation right before or soon after you begin repayment. Otherwise, you should probably stick with Nelnet or opt for a student loan refinance private loan instead.

Does Nelnet refinance student loans?

Recently, Nelnet launched a new subsidiary called Nelnet Bank which offers student loan refinancing. Nelnet Bank plans to offer private student loan and high-yield CD products as well.

While Nelnet Bank will lean on the student loan experience of Nelnet (the servicer), it’s being run as a separate business entity under CEO Andrea Moss.

How to refinance Nelnet student loans with Nelnet Bank

Nelnet doesn’t have to be your servicer in order to qualify for refinancing with Nelnet Bank. Any borrower with private or federal student loans can apply. Here are some of the key terms of Nelnet Bank’s student loan refinancing product:

  • Rate type: Variable or fixed
  • Terms: 5, 7, 10, 15, 20, and 25 years
  • Undergraduate loan limits: $5,000 to $125,000
  • Graduate/doctorate/law degree loan limits: $5,000 to $175,000
  • Graduate health professions degree loan limits: $5,000 to $500,000
  • Minimum credit score: 680 (640 with cosigner)

Nelnet Bank doesn’t charge any application fees, origination fees, or prepayment penalties. Other benefits of refinancing with Nelnet Bank include up to 12 months of hardship forbearance, a 0.25% autopay discount, and the ability to apply for cosigner release after 24 consecutive payments.

How to refinance Nelnet student loans with other lenders

Nelnet Bank isn’t the only option for refinancing loans that are serviced by Nelnet. Federal student loan borrowers can apply for refinancing with any of the top refinancing lenders. To get the best rates when you refinance Nelnet student loans, you’ll need to have a good credit score and a good debt-to-income ratio.

If you owe less than 1.5 times your income, student loan refinancing could be a good choice. Let’s take a closer look at the benefits and drawbacks that come with refinancing federal student loans.

What to consider before you refinance Nelnet student loans

If you’re thinking about refinancing your Nelnet student loans, these are the pros and cons to be aware of.

Pros of refinancing federal student loans

The biggest pro of refinancing is that you may be able to lower your interest rate. The interest rates on federal student loans range from 2.75% to 5.30% as of January 2021.

There’s nothing that you can do to change your rate on a federal student loan. Even if you have a great credit score and a healthy income, your interest rate isn’t going to change.

But a private lender may be able to offer you a much better rate. Refinancing lenders may offer fixed interest rates or variable interest rates.

For example, let’s say that you have $100,000 worth of Nelnet student loans at an average interest rate of 6.5%. If you have great credit (such as a credit score of 740 or above) and a steady job, you may qualify for a 3.5% interest rate. By lowering your rate, you could save $17,595 over the life of your loans.

If you don’t have a strong credit score, you may be able to refinance your student loans with a cosigner. A cosigner is someone with good credit who is also legally responsible for the loan if monthly payments aren’t made. Because it’s a huge responsibility, look into a cosigner release option.

Either way, that’s a big plus in the refinancing column and a lot of savings. Interest cost isn’t the only consideration when you’re comparing federal loans versus private student loans, however.

There are several federal loan benefits that you’d be giving up by refinancing. Let’s talk about those now.

Cons of refinancing federal student loans

Here are the three main drawbacks that you’ll need to weigh before you refinance Nelnet student loans.

Ineligible for IDR plans

One of the biggest downsides if you refinance Nelnet student loans into private student loans is you lose the ability to make income-based payments.

With IDR plans, your monthly payments scale up and down with your income. And you’ll also be eligible for forgiveness on any balance that’s remaining at the end of your repayment period.

But IDR plans also extend your repayment period to 20 or 25 years. That’s a long time to be stuck with your student loans. Plus, you’ll pay a lot more in interest.

If you can pay back your loans in 10 years or sooner, that’s usually the best financial choice. But if you’re worried that you might have a drop in income in the near future, you may want to stick with an IDR plan. And, in that case, you should not refinance your federal student loans.

Ineligible for PSLF

Do you work for the government or a nonprofit organization? If so, there’s a good chance you qualify to join the Public Service Loan Forgiveness (PSLF) program. PSLF is one of the best federal student loan forgiveness programs available.

With PSLF, you can receive complete tax-free forgiveness of your remaining balance in just 10 years (120 qualifying payments). If you’re pursuing PSLF, you should definitely not refinance Nelnet student loans. Refinancing your student loans means that your federal loans are paid off  — and you are stuck with private student loans.

In a bit of irony, you will be switched away from Nelnet if you join the PSLF program. If you’re accepted to PSLF, Nelnet will move your loans to FedLoan Servicing, the exclusive loan servicer for the PSLF program.

Ineligible for the federal forbearance and deferment program

Federal student loans come with generous forbearance and deferment allowances. For instance, you can defer monthly payments on your student loans if you go back to school. And you can request forbearance if you encounter financial difficulties like medical expenses or a job loss.

When you refinance Nelnet student loans, you’ll no longer be eligible for these federal benefits. Some of the best student loan refinancing lenders do offer their own forbearance and deferment programs, however. But when you refinance your student loans, perks like that aren’t promised.

Picking the right lender when you refinance Nelnet student loans

If you’ve decided that student loan refinancing is right for you, be careful about which lender you choose. Some may have origination fees that can add to the cost of the loan.

To get the most affordable loan and best interest rate, check to see that your credit score is in good shape and shop among multiple lenders.

Consider fixed rates versus variable rates. But the lower interest rate isn’t the only thing to consider. Here are a few other factors you’ll want to pay attention to.

Repayment terms

Some lenders offer terms that are shorter than 10 years. Shorter terms can make your monthly payment higher, but you’ll also get out of student loan debt faster.

If you’re looking for ultimate payment flexibility, you may want to consider Earnest, which gives you up to 180 choices.

Parent Plus refinancing

Are some of your Nelnet student loans Parent PLUS Loans? If so, you’ll want to choose a lender that allows refinancing of Parent PLUS Loans. Some lenders even allow parents to transfer the loans to their child’s name during refinancing.

Forbearance and deferment

Worried about losing federal forbearance and deferment benefits? If you pick the right private lender, you may be able to get many of the same benefits anyway.

CommonBond, for instance, allows borrowers to place their loans in deferment when they go back to school. And the company allows up to 24 months of forbearance for financial hardship.

Cash bonuses

If you’re approved for a student loan refinance with one of Student Loan Planner®’s partners, you might be eligible for a $500 to $1275 cash-back bonus.

Student Loan Planner® has worked hard to negotiate the best deals for its readers with top-tier student loan refinance companies. If you’re going to refinance Nelnet student loans, don’t leave free money on the table.

Refinance student loans, get a bonus in 2021
$1,050 BONUS1 For 100k+. $300 bonus for 50k to 99k.1
VISIT COMMONBOND Variable 2.49-6.84%%1 Fixed 2.59-6.74%1
$1,000 BONUS2  For 100k or more. $200 for 50k to $99,9992
VISIT EARNEST Variable 1.88-5.64%2 Fixed 2.48-5.79%2
$1,050 BONUS3 For 100k+. $300 bonus for 50k to 99k.3
VISIT LAUREL ROAD Variable 1.64-5.65%3 Fixed 2.25-5.75%3
$1,275 BONUS4  For 150k+. Tiered 300 to 575 bonus for 50k to 149k.4
VISIT ELFI Variable 2.39-6.01%4 Fixed 2.58-5.99%4
$1,000 BONUS5 For 100k+. $300 bonus for 50k to 99k.5
VISIT SPLASH Variable 1.88-6.15%5 Fixed 2.49-6.31%5
$1,000 BONUS6 For $100k or more. $200 for $50k to $99,9996
VISIT SOFI Variable 2.25-6.59%6 Fixed 2.49-6.94%6
$1,250 BONUS7  For 100k+ or $350 for 5k to 100k.7
VISIT CREDIBLE Variable 1.80-8.90%7 Fixed 2.15-9.15%7
Not sure what to do with your student loans?

Take our 11 question quiz to get a personalized recommendation of whether you should pursue PSLF, IDR forgiveness, or refinancing (including the one lender we think could give you the best rate).

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About Clint Proctor

Clint Proctor is a freelance writer and founder of WalletWiseGuy.com, where he writes about how students and millennials can win with money. When he's away from his keyboard, he enjoys drinking coffee, traveling, obsessing over the Green Bay Packers and spending time with his wife and two boys.

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Lender and Bonus disclosure

All rates listed represent APR range. Commonbond: If you refinance over $100,000 through this site, $500 of the cash bonus listed above is provided directly by Student Loan Planner. 

CommonBond Disclosures: Refinancing

Offered terms are subject to change and state law restriction. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900), NMLS Consumer Access. 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.  If you choose to complete an application, we will conduct a hard credit pull, which may affect your credit score. 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 0.15% effective Jan 1, 2021 and may increase after consummation.

CommonBond Disclosures: Private, In-School Loans

Offered terms are subject to change and state law restriction. Loans are offered by CommonBond Lending, LLC (NMLS # 1175900), NMLS Consumer Access. 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.  If you choose to complete an application, we will conduct a hard credit pull, which may affect your credit score. 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 0.15% effective Jan 1, 2021 and may increase after consummation.

Student Loan Planner® Disclosures

Upon disbursement of a qualifying loan, the borrower must notify Student Loan Planner® that a qualifying loan was refinanced through the site, as the lender does not share the names or contact information of borrowers. Borrowers must contact Student Loan Planner® by email at help [at] studentloanplanner.com to claim bonus offer. Student Loan Planner® will confirm loan eligibility and, upon confirmation, will send via email a $500 e-gift card within seven business days following the last day of the month in which the qualifying loan was disbursed and confirmed eligible by Student Loan Planner®. If a borrower does not claim the Student Loan Planner® bonus within six months of a loan disbursement, the borrower forfeits their right to claim said bonus. The bonus amount will depend on the total loan amount disbursed. This offer is not valid for borrowers who have previously received a bonus from Student Loan Planner®.

Lender and Bonus disclosure

Earnest: $1,000 for $100K or more, $200 for $50K to $99.999.99. For Earnest, if you refinance $100,000 or more through this site, $500 of the $1,000 cash bonus is provided directly by Student Loan Planner. Rate range above includes optional 0.25% Auto Pay discount. 

Earnest Bonus Offer Disclosure:

Terms and conditions apply. To qualify for this Earnest Bonus offer: 1) you must not currently be an Earnest client, or have received the bonus in the past, 2) you must submit a completed student loan refinancing application through the designated Student Loan Planner® link; 3) you must provide a valid email address and a valid checking account number during the application process; and 4) your loan must be fully disbursed.

You will receive a $1,000 bonus if you refinance $100,000 or more, or a $200 bonus if you refinance an amount from $50,000 to $99,999.99. For the $1,000 Welcome Bonus offer, $500 will be paid directly by Student Loan Planner® via Giftly. Earnest will automatically transmit $500 to your checking account after the final disbursement. For the $200 Welcome Bonus offer, Earnest will automatically transmit the $200 bonus to your checking account after the final disbursement. There is a limit of one bonus per borrower. This offer is not valid for current Earnest clients who refinance their existing Earnest loans, clients who have previously received a bonus, or with any other bonus offers received from Earnest via this or any other channel. Bonus cannot be issued to residents in KY, MA, or MI.

Interest Rate Disclosure

Actual rate and available repayment terms will vary based on your income. Fixed rates range from 2.59% APR to 5.79% APR (excludes 0.25% Auto Pay discount). Variable rates range from 1.88% APR to 5.64% APR (excludes 0.25% Auto Pay discount). For variable rate loans, although the interest rate will vary after you are approved, the interest rate will never exceed 36% (the maximum allowable for these loans). Earnest variable interest rate student loan refinance 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 2.04% and 5.8% to the one month LIBOR. Earnest rate ranges are current as of 6/8/2021, and are subject to change based on market conditions.

Auto Pay Discount Disclosure

You can take advantage of the Auto Pay interest rate reduction by setting up and maintaining active and automatic ACH withdrawal of your loan payment. The interest rate reduction for Auto Pay will be available only while your loan is enrolled in Auto Pay. Interest rate incentives for utilizing Auto Pay may not be combined with certain private student loan repayment programs that also offer an interest rate reduction. For multi-party loans, only one party may enroll in Auto Pay.

Skip a Payment Disclosure

Earnest clients may skip one payment every 12 months. Your first request to skip a payment can be made once you’ve made at least 6 months of consecutive on-time payments, and your loan is in good standing. The interest accrued during the skipped month will result in an increase in your remaining minimum payment. The final payoff date on your loan will be extended by the length of the skipped payment periods. Please be aware that a skipped payment does count toward the forbearance limits. Please note that skipping a payment is not guaranteed and is at Earnest’s discretion. Your monthly payment and total loan cost may increase as a result of postponing your payment and extending your term.

Student Loan Refinancing Loan Cost Examples

These examples provide estimates based on payments beginning immediately upon loan disbursement. Variable APR: A $10,000 loan with a 20-year term (240 monthly payments of $72) and a 5.89% APR would result in a total estimated payment amount of $17,042.39. For a variable loan, after your starting rate is set, your rate will then vary with the market. Fixed APR: A $10,000 loan with a 20-year term (240 monthly payments of $72) and a 6.04% APR would result in a total estimated payment amount of $17,249.77. Your actual repayment terms may vary.Terms and Conditions apply. Visit https://www.earnest. com/terms-of-service, e-mail us at [email protected], or call 888-601-2801 for more information on our student loan refinance product.

Student Loan Origination Loan Cost Examples

These examples provide estimates based on the Deferred Repayment option, meaning you make no payments while enrolled in school and during the separation period of 9 billing periods thereafter. Variable APR: A $10,000 loan with a 15-year term (180 monthly payments of $157.12) and an 11.69% APR would result in a total estimated payment amount of $21,290.40. For a variable loan, after your starting rate is set, your rate will then vary with the market. Fixed APR: A $10,000 loan with a 15-year term (180 monthly payments of $173.51) and an 13.03% APR would result in a total estimated payment amount of $22,827.79. Your actual repayment terms may vary.

Earnest Loans are made by Earnest Operations LLC or One American Bank, Member FDIC. Earnest Operations LLC, NMLS #1204917. 535 Mission St., Suite 1663, San Francisco, CA 94105. California Financing Law License 6054788. Visit earnest.com/licenses for a full list of licensed states. For California residents (Student Loan Refinance Only): Loans will be arranged or made pursuant to a California Financing Law License.

One American Bank, 515 S. Minnesota Ave, Sioux Falls, SD 57104. Earnest loans are serviced by Earnest Operations LLC with support from Navient Solutions LLC (NMLS #212430). One American Bank and Earnest LLC and its subsidiaries are not sponsored by or agencies of the United States of America.

© 2021 Earnest LLC. All rights reserved.

Student Loan Planner® Bonus Disclosure:

Upon disbursement of a qualifying loan, the borrower must notify Student Loan Planner® that a qualifying loan was refinanced through the site, as the lender does not share the names or contact information of borrowers. Borrowers must contact Student Loan Planner® by email at help [at] studentloanplanner.com to claim bonus offer. Student Loan Planner® will confirm loan eligibility and, upon confirmation, will send via email a $500 e-gift card within seven business days following the last day of the month in which the qualifying loan was disbursed and confirmed eligible by Student Loan Planner®. If a borrower does not claim the Student Loan Planner® bonus within six months of a loan disbursement, the borrower forfeits their right to claim said bonus. The bonus amount will depend on the total loan amount disbursed. This offer is not valid for borrowers who have previously received a bonus from Student Loan Planner®.

Lender and Bonus disclosure

Laurel Road: If you refinance more than $250,000 through our link and Student Loan Planner receives credit, a $500 cash bonus will be provided directly by Student Loan Planner. If you are a member of a professional association, Laurel Road might offer you the choice of an interest rate discount or the $300, $500, or $750 cash bonus mentioned above. Offers from Laurel Road cannot be combined. Rate range above includes optional 0.25% Auto Pay discount. 

Laurel Road Bonus Offer Disclosure:

Terms and conditions apply. To qualify for this Laurel Road Welcome Bonus offer: 1) you must not currently be an Laurel Road client, or have received the bonus in the past, 2) you must submit a completed student loan refinancing application through the designated Student Loan Planner® link; 3) you must provide a valid email address and a valid checking account number during the application process; and 4) your loan must be fully disbursed. If a borrower is eligible for and chooses to accept an interest rate promotional offer due to that borrower’s membership in a professional association, the borrower will not be eligible for the cash bonus from Laurel Road. However, the borrower can still be eligible for the Student Loan Planner® bonus if they qualify under the “Student Loan Planner® Bonus Disclosure terms below.”  If you opt to receive the cash bonus incentive offer, you will receive a $1,050 bonus if you refinance $100,000 or more, or a $300 bonus if you refinance an amount from $50,000 to $99,999.99. For the $1,050 Welcome Bonus offer, $500 will be paid directly by Student Loan Planner® via Giftly. Laurel Road will automatically transmit $550 to your checking account after the final disbursement. For the $300 Welcome Bonus offer, Laurel Road will automatically transmit the $300 bonus to your checking account after the final disbursement.  There is a limit of one bonus per borrower. This offer is not valid for current Laurel Road clients who refinance their existing Laurel Road loans, clients who have previously received a bonus, or with any other bonus offers received from Laurel Road via this or any other channel.

You can take advantage of the Auto Pay interest rate reduction by setting up and maintaining active and automatic ACH withdrawal of your loan payment. The interest rate reduction for Auto Pay will be available only while your loan is enrolled in Auto Pay. Interest rate incentives for utilizing Auto Pay may not be combined with certain private student loan repayment programs that also offer an interest rate reduction. For multi-party loans, only one party may enroll in Auto Pay

Student Loan Planner® Bonus Disclosure

Upon disbursement of a qualifying loan, the borrower must notify Student Loan Planner® that a qualifying loan was refinanced through the site, as the lender does not share the names or contact information of borrowers. Borrowers must contact Student Loan Planner® by email at help [at] studentloanplanner.com to claim bonus offer. Student Loan Planner® will confirm loan eligibility and, upon confirmation, will send via email a $500 e-gift card within seven business days following the last day of the month in which the qualifying loan was disbursed and confirmed eligible by Student Loan Planner®. If a borrower does not claim the Student Loan Planner® bonus within six months of a loan disbursement, the borrower forfeits their right to claim said bonus. The bonus amount will depend on the total loan amount disbursed. This offer is not valid for borrowers who have previously received a bonus from Student Loan Planner®.

Lender and Bonus disclosure

Elfi: If you refinance over $150,000 through this site, $500 of the cash bonus listed above is provided directly by Student Loan Planner. 

To begin the qualification process for the Student Loan Planner® sign on bonus, customers must apply from the link provided on https://www.elfi.com/student-loan-planner. Customers who are approved for and close a loan will receive the $300-$775 bonus through a reduction in the principal balance of their Education Loan Finance loan when your loan has been disbursed. The amount of the bonus will depend on the total loan amount disbursed. In order to receive this bonus, customers will be required to complete and submit a W9 form with all required documents. Taxes are the sole responsibility of the recipient. There is a limit of one bonus per borrower. This offer is not valid for current ELFI customers who refinance their existing ELFI loans, customers who have previously received a bonus, or with any other bonus offers received from ELFI via this or any other channel. If the applicant was referred using the referral bonus, they will not receive the bonus provided via the referring party. If the applicant becomes an ELFI customer, they may participate in the referral bonus by becoming the referring party. Additional terms and conditions apply.

For the $1,275 bonus associated with refinancing at least $150,000, $500 of the bonus is provided by Student Loan Planner® via Giftly, which can be redeemed as a deposit to your bank account or PayPal account. Upon disbursement of a qualifying loan, the borrower must notify Student Loan Planner® that a qualifying loan was refinanced through the site, as the lender does not share the names or contact information of borrowers. Borrowers must contact Student Loan Planner® by email at help [at] studentloanplanner.com to claim bonus offer. Student Loan Planner® will confirm loan eligibility and, upon confirmation, will send via email a $500 e-gift card within seven business days following the last day of the month in which the qualifying loan was disbursed and confirmed eligible by Student Loan Planner®. If a borrower does not claim the Student Loan Planner® bonus within six months of a loan disbursement, the borrower forfeits their right to claim said bonus. The bonus amount will depend on the total loan amount disbursed. This offer is not valid for borrowers who have previously received a bonus from Student Loan Planner®.

Lender and Bonus disclosure

Splash: If you refinance over $100,000 through this site, $500 of the cash bonus listed above is provided directly by Student Loan Planner. 

To begin the qualification process for the Student Loan Planner® sign on bonus, customers must apply from the link provided. Customers who are approved for and close a loan will receive the $300-$500 bonus through Splash Financial. The amount of the bonus will depend on the total loan amount disbursed. There is a limit of one bonus per borrower. This offer is not valid for current Splash customers who refinance their existing Splash loans, customers who have previously received a bonus, or with any other bonus offers received from Splash via this or any other channel. If the applicant was referred using the referral bonus, they will not receive the bonus provided via the referring party. Additional terms and conditions apply.

For the $1,000 bonus associated with refinancing at least $100,000, $500 of the bonus is provided by Student Loan Planner® via Giftly, which can be redeemed as a deposit to your bank account or PayPal account. Upon disbursement of a qualifying loan, the borrower must notify Student Loan Planner® that a qualifying loan was refinanced through the site, as the lender does not share the names or contact information of borrowers. Borrowers must contact Student Loan Planner® by email at help [at] studentloanplanner.com to claim bonus offer. Student Loan Planner® will confirm loan eligibility and, upon confirmation, will send via email a $500 e-gift card within seven business days following the last day of the month in which the qualifying loan was disbursed and confirmed eligible by Student Loan Planner®. If a borrower does not claim the Student Loan Planner® bonus within six months of a loan disbursement, the borrower forfeits their right to claim said bonus. The bonus amount will depend on the total loan amount disbursed. This offer is not valid for borrowers who have previously received a bonus from Student Loan Planner®.

Lender and Bonus disclosure

Sofi: If you refinance $100,000 or more through this site, $500 of the $1,000 cash bonus is provided directly by Student Loan Planner. Rate Fixed rates from 2.74% APR to 6.74% APR (with autopay). Variable rates from 2.25% APR to 6.39% APR (with autopay). All variable rates are based on the 1-month LIBOR and may increase after consummation if LIBOR increases; see more at SoFi.com/legal/#1. If approved for a loan your rate will depend on a variety of factors such as your credit profile, your application and your selected loan terms. Your rate will be within the ranges of rates listed above. Lowest rates reserved for the most creditworthy borrowers. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers, or may become available, such as Income Based Repayment or Income Contingent Repayment or PAYE. SoFi loans are originated by SoFi Lending Corp. or an affiliate (dba SoFi), a lender licensed by the Department of Financial Protection and Innovation under the California Financing Law, license #6054612; NMLS #1121636 (www.nmlsconsumeraccess.org). Additional terms and conditions apply; see SoFi.com/eligibility for details. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE.

Rate Match Guarantee Disclosure

Get $100 when you fund a Student Loan Refinance offered by SoFi Lending Corp. or an affiliate. $100 bonus not available to residents of OH. Rate Match valid only for private student loan refi products & will be on the rate, exclusive of all discounts. Eligible documentation of a competitor’s current rate offer, issued within 30 days of your SoFi pre-qualified rate, will be determined at SoFi’s sole discretion and must be for the same loan amount and repayment terms. Lowest rates reserved for the most creditworthy borrowers. Void where prohibited by state law. See full terms & conditions at sofi.com/refinance-student-loan/#guaranteed-rate-match. SoFi reserves the right to modify or discontinue at any time without notice. Additional terms & conditions apply; see SoFi.com/eligibility. CFL#6054612, NMLS#1121636 (nmlsconsumeraccess.org)

Student Loan Planner® Bonus Disclosure

For which may be offered in the future directly by Student Loan Planner®, our company will send you bonuses via Giftly, which can also be redeemed as a deposit to your bank account or PayPal account. Upon disbursement of a qualifying loan, Student Loan Planner® will send via email a gift card within 7 business days of the last day of the month in which the qualifying loan was disbursed.

For Student Loan Planner® to send the gift card, the borrower must notify Student Loan Planner® that a qualifying loan was refinanced through the site, as student loan refinancing companies do not share the names of borrower applicants. A borrower may contact Student Loan Planner® to redeem a gift card under this program via email only, via help AT studentloanplanner DOT com, or any other studentloanplanner DOT com email that the borrower may be aware of. If a borrower does not claim a gift card within 6 months of a loan disbursement, the borrower forfeits their right to claim said gift card.

The amount of the bonus will depend on the total loan amount disbursed. A customer will only be eligible to receive the bonus one time.range above includes optional 0.25% Auto Pay discount.

Lender and Bonus disclosure

Credible: If you refinance over $100,000 through this site, $500 of the cash bonus listed above is provided directly by Student Loan Planner. 

To begin the qualification process for the Student Loan Planner® sign on bonus, customers must apply from the link provided on www.credible.com.

The amount of the bonus will depend on the total loan amount disbursed. In order to receive this bonus, customers will be required to complete and submit a W9 form with all required documents. Taxes are the sole responsibility of the recipient. A customer will only be eligible to receive the bonus one time. New applicants are eligible for only one bonus. Additional terms and conditions apply.

For the $1,250 bonus associated with refinancing at least $100,000, $500 of the bonus is provided by Student Loan Planner® via Giftly, which can be redeemed as a deposit to your bank account or PayPal account. Upon disbursement of a qualifying loan, the borrower must notify Student Loan Planner® that a qualifying loan was refinanced through the site, as the lender does not share the names or contact information of borrowers. Borrowers must contact Student Loan Planner® by email at help [at] studentloanplanner.com to claim bonus offer. Student Loan Planner® will confirm loan eligibility and, upon confirmation, will send via email a $500 e-gift card within seven business days following the last day of the month in which the qualifying loan was disbursed and confirmed eligible by Student Loan Planner®. If a borrower does not claim the Student Loan Planner® bonus within six months of a loan disbursement, the borrower forfeits their right to claim said bonus. The bonus amount will depend on the total loan amount disbursed. This offer is not valid for borrowers who have previously received a bonus from Student Loan Planner®.

Student Loan Planner must be credited for a qualifying loan by Credible for the customer to receive the Student Loan Planner® bonus. If a customer contacts Student Loan Planner® after a loan disburses instead of before, we have no way of guaranteeing a loan being credited properly. Customers are encouraged to contact Student Loan Planner® before a loan disburses to aid in the verification of this bonus program.

Lender and Bonus disclosure

LendKey: If you refinance over $150,000 through this site, $500 of the cash bonus listed above is provided directly by Student Loan Planner. Rate range above includes optional 0.25% Auto Pay discount.