The Top 5 Student Refinancing Companies of 2020: Which is the Right One For You? StaffAug. 09, 2020

This site is a free online resource that strives to offer helpful content and comparison features to its visitors. Please be advised that the operator of this site accepts advertising compensation from companies that appear on the site, and such compensation impacts the location and order in which the companies (and/or their products) are presented, and in some cases may also impact the rating that is assigned to them. To the extent that ratings appear on this site, such rating is determined by our subjective opinion and based on a methodology that aggregates our analysis of brand market share and reputation, each brand's conversion rates, compensation paid to us and general consumer interest. Company listings on this page DO NOT imply endorsement. We do not feature all providers on the market. Except as expressly set forth in our Terms of Use, all representations and warranties regarding the information presented on this page are disclaimed. The information, including pricing, which appears on this site is subject to change at any time.

Student debt relief
Are you being weighed down by student debt? Refinancing could mean lower rates, better terms and an overall streamlined repayment experience. We’ve taken a deep dive on the 5 companies leading the way in student loan refinancing to help you make the right decision.

Student loans have become a necessary tool for millions of Americans on their way to getting a college education. But the moment you step off the graduation stage and into the real world, it’s time to start paying off your student debt with sometimes crippling monthly payments. College graduates should be able to celebrate their achievements, not be burdened by debt. Refinancing your student debt could be the first step towards taking control. 

How to Refinance a Student Loan

The student loan refinancing process is nothing to be afraid of. We’ve broken it down to 3 easy steps: 

  • 1. Check your credit. The major credit agencies (Equifax, Experian, and TransUnion) are legally obligated to share your credit history with you once every 12 months upon request, free of charge. As a general rule, credit of 700 or more is considered good, and 620-700 is average.
  • 2. Compare lenders. Compare multiple lenders and loan marketplaces and get quotes until you find the right rate and terms for you. 
  • 3. Apply for refinancing. You’ll be asked to provide documentation, including: driver’s license or state ID, Social Security number, pay slips, and employment information.

Our Top 5 Student Loan Refinance Companies

We’ve selected 5 companies that specialize in student loan refinancing, no matter what you’re looking for, the right student loan solution is out there. Stop worrying about payments and start looking towards a brighter financial future! 


Credible is a loan marketplace that works with some of the most well-known and reliable loan providers in the industry. Credible offers a user-friendly platform that makes it easy for users to input personal details and compare multiple lenders and find the best student loan or student loan refinancing solution specifically suited for them.

Keep in mind that Credible is not a direct loan provider, but instead works with a network of reputable lenders to provide top rates and conditions for all borrowers.

Read the full Credible review

Credible Credible Visit Credible


Earnest focuses on issuing flexible student loan refinancing tailored to their customers’ needs. Earnest’s low rate student loan refinancing has base terms of 5, 10, 15 or 20 years - but their offerings go well beyond that. What makes Earnest truly unique is that they allow users customize their exact monthly payment to fit their budget, allowing full control over loan terms.

On average, Earnest’s customers save over $17,000 on their student loan repayments.

Read the full Earnest review

Earnest Earnest Visit Earnest


Founded in 2018, Figure is a fintech company that has made a name for itself by using AI and blockchain to assess applications for home equity loans and mortgage refinancing. Now it is adding student loan refinancing to its list of products – with the promise of a quick application approval process with minimum hassle. 

Keep in mind that Figure’s main target audience is Millennials with $55,000+ household income and a desire to buy their own home.

Read the full Figure review

Figure Figure Visit Figure


LendKey is a free loan aggregation service which provides refinancing and consolidation loans for borrowers with high amounts of student debt. Customers’ outstanding loan information and loan qualification details are inputted into LendKey’s interface to match borrowers with the most suitable lending partners from a network of over 13,000 community banks and credit unions. LendKey’s technology presents customers with the best options for their individual financial circumstances.

Read the full LendKey review

LendKey LendKey Visit Lendkey

Splash Financial

Splash Financial is one of the freshest student loan refinancing platforms on the market today. It recently announced a $350 million annual loan financing deal in addition to boasting excellent rates. Those who refinance their student loans with Splash Financial can enjoy APR as low as 1.99%, which can save borrowers $350 per month or $29,340 over the lifetime of their loan.

 While Splash offers consolidation for any college graduate with a Bachelor’s Degree, it places a strong emphasis on refinancing for advanced degrees, more specifically medical school loan refinancing. With the average doctor carrying $183,000 of student loan debt into their medical careers, it’s not surprising that Splash Financial has decided to hone in on this particular niche.

Read the full Splash Financial review

Splash Financial Splash Financial Visit Splash Financial

Want to do some more research? Feel free to check out the rest of our articles and reviews