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Student Loan Planner

The Best Student Loan Help for Six Figure Borrowers

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Travis Hornsby founded Student Loan Planner® after helping his physician wife navigate ridiculously complex student loan repayment decisions. To date, he’s consulted on over $595 million in student debt personally, more than anyone else in the country. He is a Chartered Financial Analyst and brings his background as a former bond trader trading billions of dollars.

He brings that same intensity to analyzing the best repayment paths for graduate degree professionals with six figures of student debt. Travis and his team have helped 5,875+ clients save $301 million on their student loans, and he’s been featured in:

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Biden Executive Order: Extending Student Loan Payment Freeze

73% of student loan borrowers don’t know what happens to their debt if they die

Pay down your student loans or wait for forgiveness? A financial planner weighs in on the best next step

Student loans take a mental toll on millions of borrowers—here’s how you can cope

Can you file bankruptcy on student loans? Here’s everything you need to know

I considered faking my own death to get away from my American Dream gone wrong

 

This is ‘the No. 1 way to get out of debt faster,’ student loan expert says — but it may not be right for you

 

America’s Student Loan Debt Burden Rises Alongside Soaring Higher Education Costs

Student loan payments are suspended. Here's how to make the most of it.

Financial Illiteracy is a Generational Cycle Black Families Are Fighting to Break

Student Loans: Answers and Resources for the Advisor's Tool Kit

How Your Spouse's Student Loans Affect You

Is an Income-Driven Student Loan Repayment Plan Right for You?

How to Consolidate and Refinance Your Student Loans

Pressure Grows on Biden for More Ambitious Student Loan Forgiveness

One in 15 US Student Loan Recipients Have Considered Suicide Over Debt, Study Suggests

 

Student Loan Repayment Assistance Is Becoming A Popular Benefit

Can Biden Really Forgive Student Loans By Executive Order?

Student Loan Servicers Get A Report Card From LendEDU

Public Service Loan Forgiveness: 3 New Improvements

With Interest Rates Near All-Time Lows, Here’s What to Know About Refinancing Your Student Loans

Here's How Much of Your Income Should Go Toward Student Loans Each Month

Why You Need to Start Preparing Now for the Return of Student Loan Payments This Fall

Trump’s Student Loan Interest Waiver Isn’t What You May Think

How Your College Choice Can Affect Job Prospects

Think About Paying Your Loans During Medical Residency

‘Money is on sale:’ What does the historically low rates mean for your wallet?

Bernie Sanders’ Student Loan Bailout Faces Scrutiny

The Far-Reaching Burden of America's Student Loan Debt

Trump’s Student Loan Interest Waiver for Coronavirus Outbreak isn’t What You Think

Why refinancing your mortgage or student loan might not actually save you money right now

We're paying off $124,000 in student loans using this handy spreadsheet

As a student loan consultant, I see people who owe $1 million in debt — here's how things get so bad

'A lot of people don't need to pay back their debt': A student-loan expert explains why popular repayment advice is false - and shares how to save up to 50% on interest payments

Bad Surprise: Many Student Loan Borrowers Don't Qualify for Coronavirus Relief

5 Helpful Financial Planning Resources

Student Loan Consolidation and Refinancing Guide

Is It a Good Idea to Refinance Your Student Loans?

1 in 15 borrowers has considered suicide because of student debt, survey says

27% of Dentists Say the Shutdown Should Last “As Long as It Takes”

U.S. is Stepping Up Enforcement of Delinquent Student Loans

This Could Be 1 Dangerous Side Effect of Student Debt

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House Bill Would Incentivize Employers to Help Pay Off Your Student Loans

Discretionary Income and Student Loans: What Does It Mean?

What is Fedloan Servicing? (Guide to Fedloan Student Loans)

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Student loan debt has huge mental health aspects

Nearing retirement and still paying off student loans?

$2 trillion coronavirus stimulus package lets some student-loan borrowers delay payments for six months

4 Fast-Growing Medical Jobs That Pay at Least $100,000 (and Don't Require an M.D.)

This Couple’s Student Loans Were Forgiven — How To Get Out of Paying Yours

The College Student’s Guide to Smart Student Loan Borrowing

11 New Year’s Resolutions That Will Actually Save You Money

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Student Loans & Your Career: An Interview With Travis Hornsby — The Leading Expert in Massive Student Loan Debt

Latest Student Loan Debacle Is Ultimate Example of Trump’s Campaign Con

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Managing Student Debt Without Compromising Financial Goals

I Made $3,000 Last Month — But I Have $90,000 In Student Loan Debt

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Thanks To The Coronavirus, Now Is A Great Time To Refinance Your Debt

Pay Off Your Student Loans Faster With These 7 Tips

7 Scary Numbers That Show How Bad Student Loan Debt Is For Mental Health

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Erasing Your Student Loans Could Be as Easy as Fleeing the U.S. for 20 Years

This Could Be 1 Dangerous Side Effect of Student Debt

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Five Tips on Refinancing Your Student Loans

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5 Things Every College Student Should Do With Their Money

These 4 Medical Jobs Pay $100,000 and Don't Require an MD

Why are College Students So Stressed Out? It's Not Because They're "Snowflakes"

Select Podcasts:

millennial

TV Appearances:

Sick of the rat race? Millennials finding new ways to retire 20 years early

Options for tackling student loan debt

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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.